technology fund: Part of the funds will also go toward letting some shareholders of the privately held startup cash out. ; Soft Bank is sitting on a massive cash pile thanks to a nearly 100 billion technology fund it started with the Saudi Arabian government, according to The Japan Times. The Japanese investment firm has been ramping up deals with tech companies, rankling venture capitalists in the process. New York-based WeWork, which rents office space to workers, and Japan's Soft Bank have been formalizing an alliance this summer that includes a 500 million project in China and a joint venture in Japan. VCs worry Soft Bank could drive up valuations and create a frothy market. Parts of the deal had been previously disclosed. WeWork's valuation increased to about 20 billion after the latest investments from Soft Bank, a person familiar with the matter has said.
(news.financializer.com). As
reported in the news.
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