SoftBank to raise $100b fund every 2-3 years, spend $50b annually

SoftBank to raise $100b fund every 2-3 years, spend $50b annually

Billionaire Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp. Photographer: Akio Kon/Bloomberg

SoftBank Group Corp plans to create a new $100 billion fund every two to three years and spend $50 billion annually, its Chief Executive Masayoshi Son told Bloomberg Businessweek in an interview published on Thursday.

Bring stories like this into your inbox every day.

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