SoftBank Vision Fund 2 to be announced soon: CEO Masayoshi Son

Japan's SoftBank Group Corp chief executive officer Masayoshi Son said that many investors around the world have expressed interest in participating in the fund.
Japan's SoftBank Group Corp chief executive officer Masayoshi Son said that many investors around the world have expressed interest in participating in the fund.PHOTO: REUTERS

TOKYO (REUTERS) - SoftBank Group founder and CEO Masayoshi Son said on Thursday (May 9) he plans to announce a second Vision Fund soon, adding that initially SoftBank will likely be the only investor.

The fund would be a similar size to the original Vision Fund, Mr Son said, adding that many investors around the world have expressed interest in participating.

SoftBank's first almost US$100 billion (S$13.3 billion) Saudi-backed Vision Fund has already burned through roughly US$80 billion on around 80 tech companies.