SoftBank to use proceeds from first Vision Fund to support the second

SoftBank to use proceeds from first Vision Fund to support the second

Photographer: Kiyoshi Ota/Bloomberg

SoftBank Group Corp plans to use proceeds from its first Vision Fund to bankroll the $38 billion it has committed to the second, a source said, in a show of unflinching confidence in its huge tech bets commanding sky-high valuations when sold.

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