Softbank And Saudis Release Biggest Tech Investment Car Ever

The amount of financial commitment from the Saudi fund was not disclosed, but the Vision Fund also will be a vehicle for oil-rich Saudi Arabia to diversify its investments.
In addition to SoftBank and the Saudi kingdom’s public investment fund, whose roles were previously announced, investors in Softbank Vision Fund include the Mubadala InvestmentCompany of the United Arab Emirates, Apple, Foxconn Technology Group, Qualcomm and Sharp.
An investment group that includes Japan’s SoftBank and Saudi Arabia’s sovereign wealth arm announced on Saturday it had closed $93 billion in capital, committed to what is expected to be the largest technology investment fund ever.
The Wall Street Journal in an article Friday detailed how Softbank had “haggled” with the Saudi fund had “over control of the money, investment strategy and questions about its commitment.
“The deal came together after what reportedly were months of difficult negotiation between the tech company SoftBank and the Saudi fund, which is controlled by Mohammed bin Salman, the deputy crown prince of Saudi Arabia.

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