Mubadala may invest in SoftBank Vision Fund 2 in Q4

Mubadala may invest in SoftBank Vision Fund 2 in Q4

Photograph: Bloomberg

Abu Dhabi state fund Mubadala Investment Company is expected to invest in Japanese group SoftBank’s Vision Fund 2 in the fourth quarter of 2019, which will focus on technology projects, two sources familiar with the matter told Reuters.

In 2017, political and economic allies United Arab Emirates and Saudi Arabia contributed nearly two-thirds to SoftBank’s technology and innovation-focused $100 billion Vision Fund 1 through their sovereign wealth funds.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter