SoftBank to announce $40 billion investment in second Vision Fund - WSJ

 SoftBank to announce  billion investment in second Vision Fund - WSJ

(Reuters) - SoftBank Corp <9434.T> is expected to announce a $40 billion investment in its new technology fund, the Wall Street Journal reported on Wednesday.

The company has been raising cash for the sequel to its $100 billion Vision Fund. It has secured investments from Goldman Sachs Group Inc and Standard Chartered Plc and is in talks with Microsoft Corp , the WSJ reported, citing people familiar with the matter.

SoftBank's board is set to approve a $40 billion investment into the fund on Thursday, according to the Journal. (https://on.wsj.com/2LEmBCr)

SoftBank did not immediately respond to a request for comment.

(Reporting by Akanksha Rana in Bengaluru; Editing by Anil D'Silva)

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Updated Date: Jul 25, 2019 02:05:26 IST