View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 17, 2017

Softbank’s Vision for even bigger investment fund could surpass $100bn

The first Softbank Vision Fund drew a great deak of attention due to the ferocious approach to investing.

By Tom Ball

Even after rocking the world of tech with its $93 billion Vision Fund, SoftBank is not quite finished, with the Japanese tech giant reportedly planning a new fund that could even dwarf the first mighty endeavour.

At this point the planning is seminal, but according to Recode, a person close to the situation said that the new fund is, “conceptual, but serious.”

SoftBank has Vision of second fund that could surpass $100bn

Masayoshi Son, CEO, SoftBank

The goal of the initiative would be to bolster the original Vision Fund that raked in close to $100bn, providing full power for engagement in further massive investments in areas that the CEO, Masayoshi Son believes are pivotal.

Masayoshi Son is a firm believer in AI and automation, a target of the CEO made evident by a $4 billion Softbank investment in Nvidia in recent months.

Uber is also now firmly in the sights of Softbank, another potential move that is representative of the bold and ferocious investment actions made by the company.

Arianna Huffington, board member of Uber, said at the Wall Street Journal’s D.Live event that a deal between Softbank and Uber is likely to be struck soon. While this announcement confirms the intent behind the deal, Huffington did not disclose any prices.

Primary and secondary investment will be involved, and Softbank would end up in control of at least 14 per cent of Uber’s shares.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester
– UK to retain fintech crown…for now
– JPMorgan taps blockchain for new payments network
– IMF chief issues Bitcoin disruption warning

The Uber investment is said to be worth in the region of $1.3 billion, with major changes set to come following the completion of the deal, with the board growing from 11 seats to a considerably larger 17.

This deal will provide vital new energy to Uber, still reeling from loss of its London license, a move that the company is now engaged in the appeal of. The setback in London follows a string of body blows to the company’s reputation that has led to rapidly diminishing confidence.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.