The Fund Managed By Softbank And Ryad Says It Raised $93 Billion

Softbank Vision, the investment fund of the Japanese mobile phone operator Softbank and its Saudi partner, raised nearly one hundred billion dollars to make long-term investments in the high-tech sector, he said. Said Saturday in a statement

The SoftBank Vision Fund has secured the participation of titans in the high-tech industry such as Apple, Qualcomm, and the Taiwanese Foxconn and it brings together at that date $93 billion, said the same source.
"The fund is targeting a total of $ 100 billion of capital," he said, "by the end of the fundraising, scheduled in six months," he said.
Softbank announced in October a partnership with Saudi Arabia. Its founder, the Japanese billionaire Masayoshi Son, had emphasized his particular attention to the "Internet of objects", in the field of artificial intelligence and robotics.
Mr. Son was one of the first businessmen to meet with US President Donald Trump after his election and pledged to invest $50 billion in the United States.