Softbank has committed $28bn to its Vision Fund, including $8.2bn through the transfer of a 24.99% stake in its chip design subsidiary Arm.
Japan-based technology conglomerate SoftBank Group has made a first close at $93bn of its corporate venturing fund after commitments from Middle Eastern sovereign wealth funds and at least four other corporations.
Softbank has committed $28bn to its Vision Fund, including $8.2bn through the transfer of a 24.99% stake in its chip design subsidiary Arm. Other investors included Public Investment Fund of the Kingdom of Saudi Arabia (PIF), reported to have committed $45bn, and Mubadala Investment Company of the United Arab…
