SoftBank plans to create $100 billion fund every 2-3 years
SoftBank plans to create a new $100 billion fund every two to three years and spend $50 billion annually, the Japanese conglomerate's CEO Masayoshi Son has said. Son has raised more than $93 billion for his planned $100-billion Vision Fund. The fund has already committed $65 billion to acquire stakes in companies including Uber, WeWork, Slack, and GM Cruise.