TOKYO (Reuters) – SoftBank Group Corp <9984.T> plans to create a new $100 billion (£76 billion) fund every two to three years, its Chief Executive Masayoshi Son told Bloomberg Businessweek in an interview published on Thursday.
Son has attracted more than $93 billion to his Vision Fund technology investment vehicle, and has flagged his intention to raise further financing.
Son plans to spend around $50 billion annually, he told Bloomberg. The Vision Fund has made investments in technology companies including ride-hailing firm Uber Technologies Inc and shared-office space firm WeWork.
(Reporting by Sam Nussey; Editing by Muralikumar Anantharaman)