Fundrais­ing may be closed as early as next week, say sources

New Straits Times - - Business / World -

LON­DON have also said they would par­tic­i­pate.

Abu Dhabi’s Mubadala Devel­op­ment Co is also con­sid­er­ing com­mit­ting as much as US$15 bil­lion.

Soft­Bank plans to con­trib­ute at least US$25 bil­lion of its own cap­i­tal in the next five years, as well. The Ja­panese com­pany an­nounced plans for the Vi­sion Fund last year, aim­ing to cre­ate a ve­hi­cle that would be­come one of the big­gest tech­nol­ogy in­vestors over the next decade.

Soft­Bank has agreed to spend more than US$30 bil­lion on tech­nol­ogy com­pa­nies in the last 12 months. Its largest deal was the ac­qui­si­tion of ARM Hold­ings Plc last year.

Soft­Bank Group Cap­i­tal Ltd, an in­vest­ment af­fil­i­ate, con­trib­uted US$2 bil­lion to last month’s record US$5.5 bil­lion fundrais­ing by Chi­nese ride-hail­ing gi­ant Didi Chux­ing.

In the previous month, it in­vested US$150 mil­lion in en­ti­ties con­nected to in­vest­ment bank Raine Group LLC, in­clud­ing its par­ent.

Other in­vest­ments made by Soft­Bank in­clude US$300 mil­lion in WeWork Cos, US$63.5 mil­lion in SB En­ergy Hold­ings Ltd and US$75 mil­lion for Zymer­gen. Bloomberg

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.