(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)