Monday , August 8 2022

Apple and Microsoft invest in the new SoftBank. The budget is $ 108bn



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One day after the Telecom's SoftBank giant announced the launch of new 40 billion US investment funds, Apple and Microsoft announced they would invest in the Vision Fund II, the IT investments budget. up to $ 108bn.

The Foundation Fund (I) was launched three years ago with a $ 100bn record, part of this budget provided by the Saudi Arab Public Investment Fund and has now funded more than 80 Computer companies that are in an advanced phase.

The second Vision Fund will have a budget of more than $ 108 billion, after Apple, Foxconn and Microsoft have joined the foundation.

In Vision Fund II, Sofbank will contribute $ 38bn, not $ 40bn, as it was originally announced, at businessinsider.com.

Softbank is a strength in the media and telecommunications market, with a market value of $ 68 billion. The company is headed by Masayoshi Son, the richest retailer in Japan. Softbank also invested in a Chinese online giant giant Alibaba.

Softbank's largest purchases were in 2013, when it earned $ 22bn in 77% of Sprint Nextel's shares in 2006, when it bought $ 15bn in the Japanese division of Vodafone, following the acquisition of the British developer of ARM processors. with $ 32 billion.

About leading companies, Softbank invested in: We Company (WeWork), Slack, Uber, OneWeb, Boston Dynamics, Brain Corp. Limonado, Cambridge Mobile Telematics, Paytm, Plenty and more.

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