SoftBank invests in European tech fund

  • News Digest
DUBAI

Feb 19, 2019-

Japan’s SoftBank Group has provided nearly half of the cash for Abu Dhabi’s state investor Mubadala Investment Co’s new $400 million fund investing in European start-ups, a source familiar with the matter said. Mubadala, which has committed to invest $15 billion in SoftBank’s Vision Fund, last week announced that Mubadala Ventures was planning to launch a $400 million technology-focused European fund this year. Softbank and Mubadala declined to comment on the story, first reported by the Financial Times earlier on Monday. The Softbank Vision Fund, managed by Softbank Group, raised more than $93 billion from investors including the Abu Dhabi investor, Saudi Arabia’s Public Investment Fund, Apple Inc, Foxconn, Qualcomm, Sharp Corp and SoftBank Group Corp. (REUTERS)

Published: 19-02-2019 12:49

Next Story

User's Feedback

Click here for your comments

Comment via Facebook

Don't have facebook account? Use this form to comment