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SoftBank to announce $40 billion investment in second Vision Fund - WSJ

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SoftBank to announce $40 billion investment in second Vision Fund - WSJ
FILE PHOTO: The logo of SoftBank Group Corp is displayed at the SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo   -   Copyright  Issei Kato(Reuters)
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(Reuters) – SoftBank Corp <9434.T> is expected to announce a $40 billion investment in its new technology fund, the Wall Street Journal reported on Wednesday.

The company has been raising cash for the sequel to its $100 billion Vision Fund. It has secured investments from Goldman Sachs Group Inc <GS.N> and Standard Chartered Plc <STAN.L> and is in talks with Microsoft Corp <MSFT.O>, the WSJ reported, citing people familiar with the matter.

SoftBank’s board is set to approve a $40 billion investment into the fund on Thursday, according to the Journal.

SoftBank did not immediately respond to a request for comment.

(Reporting by Akanksha Rana in Bengaluru; Editing by Anil D’Silva)

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