The corporate could bring its $97.7bn Vision Fund and Fortress Investment asset management activities under an umbrella called SoftBank Financial Services.
Japan-based telecommunications and internet group SoftBank is considering transferring its $97.7bn technology investment fund, Vision Fund, into a wider financial services operation, the New York Times reported on Sunday.
The new arm, SoftBank Financial Services, would incorporate Vision Fund and Fortress Investment Group, the asset management firm SoftBank paid $3.3bn to acquire in July 2017. They would operate separately but would represent the main parts of the division.
Rajeev Misra, who heads Vision Fund as CEO of SoftBank Investment Advisers,…
