Japan's SoftBank Group is launching a $5 billion fund to invest in technolo...
- Japan’s SoftBank Group is launching a $5 billion fund to invest in technology companies in Latin America, it said on Thursday, ramping up its tech ambitions beyond its huge Vision Fund.
The group has already shaken up the technology sector with the Saudi-backed $100 billion Vision Fund, making splashy investments in late-stage start-ups such as ride-hailing company Uber and shared offices provider WeWork Cos. “There is so much innovation and disruption taking place in the region and I believe the business opportunities have never been stronger,” said Claure, who is executive chairman of SoftBank’s U.S. telecoms unit Sprint Corp and is working to ensure the success of its planned takeover by Deutsche Telekom’s T-Mobile.
Claure, Mishra and Chief Strategy Officer Katsunori Sago are all seen as potential successors to SoftBank Group founder and Chief Executive Masayoshi Son.
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