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21 May 2017

Softbank closes Vision fund at $93bn

Softbank has committed $28bn to its Vision Fund, including $8.2bn through the transfer of a 24.99% stake in its chip design subsidiary Arm.

Author: James Mawson, Editor-in-chief

Japan-based technology conglomerate SoftBank Group has made a first close at $93bn of its corporate venturing fund after commitments from Middle Eastern sovereign wealth funds and at least four other corporations.