The initial round is likely to exceed $80 billion and the timing of the closing may still change, said one of the people. Son announced plans for the Vision Fund in October, vowing to become the biggest investor in the technology industry over the next decade. I’m now seriously thinking about how to make sure that SoftBank group can grow for the next 300 years.”A spokesman for SoftBank declined to comment. SoftBank may announce deals within days of the fund’s first closing, one of the people said. He is assembling the Vision Fund because he sees even greater opportunities ahead.

Source: The Star February 09, 2017 23:15 UTC