SoftBank is in talks for $5bn that it will match itself, to support Vision Fund portfolio companies and possibly opportunistic acquisitions.
Japan-based telecommunications and internet group SoftBank is seeking $10bn in capital that will be allocated to supporting its Vision Fund, Bloomberg reported yesterday, citing people with knowledge of the matter.
The corporate is in discussions with external investors to secure $5bn which it will match with capital from its own funds. Several of Vision Fund’s existing backers are Middle Eastern sovereign wealth funds affected by the dropping price of oil at present.
SoftBank is in the process of raising capital…