Son: ‘It’s been said that the capital investment to connect the last 2 of the world’s population requires the same investment made to connect the 98.’ – Reuters
NEW YORK: SoftBank Group Corp is aiming to close the first round of investment in its planned $100 billion technology fund by the end of this month, giving chief executive officer Masayoshi Son an enormous war chest to go on the hunt for deals, according to people familiar with the matter.
The initial investments will likely include US$45bil from Saudi Arabia and US$25bil from SoftBank, as well as US$1bil each from Apple Inc, Qualcomm Inc and Oracle Corp chairman Larry Ellison, the people said, asking not to be identified because the matter is private.
