SoftBank’s transformation into an investment powerhouse continues

MASAYOSHI SON, the founder of SoftBank, a Japanese telecoms firm turned tech investor, will not have had many more momentous days. First came the announcement of plans for a second Vision fund, whose expected capital contributions of $108bn will make it the largest private tech fund ever, surpassing even the almost $100bn ploughed into its predecessor.

Start with news of the second fund. The first one has already upended the usual assumptions of early-stage investing. Its scale is unprecedented: the next-largest VC funds marshal pots in the mere single-digit billions. Its speed has been striking; the Vision fund has splurged $70bn in under three years on stakes in Uber, WeWork, Arm and others. Investors have done well enough thus far: Mr Son claimed returns of 29% as of March 2019.

SoftBank itself will be the biggest contributor to the second fund: it promises to put in $38bn. That’s where the Sprint deal comes in. The merger is unwelcome news for American consumers, notwithstanding requirements for the two firms to divest assets and share spectrum with Dish, a satellite-TV provider. It still faces challenges on competition grounds from state attorneys-general.

Sceptics of the megafund model still have plenty of ammunition. It is too early to judge the success of the first fund, which runs until 2029; those who think that SoftBank has been inflating tech valuations will be closely watching the success of WeWork’s initial public offering, which is expected in September. The governance worries that surround the first fund are unlikely to be quelled by SoftBank’s still-larger stake in the second.

I think my sister husband was Japan referant and participant international criminal crimer in IlO line fire film industry.

I m wondering who will audited That ! Had Flavor of Maddoff Plan

I never doubt anything he does. Study Son's methods, even employed in the most minute way, they work. He says to dump technology (stock) that is waning every five years, and buy the newest on horizon. By that standard, oil & gas are 40 years over their COMPLETELY RANCID date.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SoftBank Group announces new $108 billion Vision Fund, broadens investor baseSoftBank Group Corp announced on Friday a second Vision Fund aimed at i...
Source: Reuters - 🏆 2. / 97 Read more »

SoftBank Group's $108 billion Vision Fund 2 draws in Microsoft, AppleSoftBank Group Corp announced on Friday a second Vision Fund aimed at i...
Source: Reuters - 🏆 2. / 97 Read more »

Amazon streak ends; Google rebounds; Vision Fund 2Today’s top business headlines: - Investors digest Q2 GDP report - House passes budget and debt limit deal - State and automakers agree on emission standards - SpaceX launches Nickelodeon slime into space Hillary Clinton's crooked lawyer ran the Russia investigation. Let that sink in What no “Orange Man Bad” piece? You guys are slipping. You can't say that on television!
Source: CNN - 🏆 4. / 95 Read more »

SoftBank Launches New $108 Billion Vision Fund To Invest in AISoftBank is planning to create a $108 billion fund to invest in companies that have the potential to accelerate the development of artificial intelligence by Sam_L_Shead Sam_L_Shead I don’t trust this smart AI stuff, I think it’s a means to convince people to move in a certain direction with no promise to follow through
Source: Forbes - 🏆 394. / 53 Read more »

Breakingviews - SoftBank’s new $108 bln vision is broader, fuzzierOn Breakingviews - SoftBank’s new $108 billion vision is broader and fuzzier: targeting anything 'tech-enabled' gives Masayoshi Son a very long spending leash, says johnsfoley Breakingviews johnsfoley Too many money used in vain Africa Starvation not...it phantasy yes
Source: Reuters - 🏆 2. / 97 Read more »

SoftBank’s new $108 bln vision is broader, fuzzierVision Fund 2 so far lacks endorsement from prior investors Saudi Arabia and Abu Dhabi. It has plenty of heft, though, and less Saudi money might relieve wary investees. Focus is an issue: targeting anything “tech-enabled” gives Masayoshi Son a very long spending leash.
Source: Breakingviews - 🏆 470. / 51 Read more »