Japan's SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon/File Photo

UEA's Investment Firm Mubadala to invest $25 billion in Softbank Vision Fund 2

Faradita Prayusti
Market & Investment
New Investment
Aug 07, 2019
2459
Wall Street Journal reported that a sovereign wealth fund (SWF) of Abu Dhabi Mubadala Investment Company plans to give an investment worth US$25 billion to the second Vision Fund of Japanese multinational corporation Softbank.

An investment from Abu Dhabi’s investment company is not the first time for Softbank. After the Japanese company launched its first Vision Fund in 2016, Mubadala committed to investing US$15 in the Vision Fund in the next year. As the existing investor of the first Vision Fund, Mubadala’s portfolio has reached US$227-billion.

The two companies have good relations in terms of investment. In February 2019, Softbank has invested nearly half of the capital for Mubadala’s new US$400 million fund. The fund was expected to support start-ups in across Europe.

Announced on July 2019, the Vision Fund 2 is a new private investment fund that will focus on the development of Artificial Intelligence (AI) technology.

Softbank had signed memoranda of understanding (MoU) with 12 investors which include the existing Vision Fund’s investors Apple Inc and Foxconn Technology Group. In addition to Microsoft Corporation, National Investment Corporation of National Bank of Kazakhstan and several Japanese banks - Sumitomo Mitsui Banking Corporation, Mizuho Bank, and MUFG Bank.

Based on the MoU, Softbank announced the company had collected nearly US$108 for Vision Fund 2.

Source: https://www.dealstreetasia.com/stories/abu-dhabis-mubadala-may-invest-up-to-25b-in-softbank-vision-fund-2-report-148552/

Softbank , Japan , AbuDhabi , Mubadala , Investment , VisionFund