fund: The transaction will be separate from the 25 billion Soft Bank plans to contribute to Vision Fund, one of the people said, according to The Japan Times. The deal was previously reported by the Financial Times. The company will receive about 8 billion about 913 billion for the shares, the people said, asking not to be identified because the details are private. Soft Bank founder Masayoshi Son is in the process of creating the 100 billion fund with the Saudis, Abu Dhabi investment arm Mubadala Development Co. and other backers that would make the Japanese billionaire one of the world's biggest technology investors. Soft Bank separately led a 1.2 billion investment in satellite startup One Web Ltd., which Son has said will be included in the Vision Fund when it closes. Son acquired ARM for 32 billion in September, a bet on the future of connected devices.
(news.financializer.com). As
reported in the news.
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