SoftBank partners Saudi public fund to set up $100b vehicle for investments in tech firms

A man looks at his phone as he walks past an advertising poster of the SoftBank telecommunications company in Tokyo October 16, 2015. REUTERS/Thomas Peter

SoftBank Group Corp. said it will form a new fund to invest as much as $100 billion in the global technology industry in the next five years, partnering with Saudi Arabia’s public investment fund to find tech companies that will become influential in the future.

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