Tag: softbank

SoftBank Holds First Close For Biggest Fund Ever

SoftBank Holds First Close For Biggest Fund Ever

SoftBank has held the first close of its massive Vision Fund on $93 billion (yes, billion) in committed capital, seven months after the Japanese telecom giant announced the vehicle’s formation. The fund has raised eyebrows due to its sheer size—its […]

SoftBank’s Vision Fund Eyes $95 Billion Close

SoftBank’s Vision Fund Eyes $95 Billion Close

Japanese telecom giant SoftBank (TKO: 9984) has set an official target of ¥10 trillion (about $88 billion) for its upcoming Vision Fund, according to the company’s fiscal 2016 earnings report released May 10. That’s a good chunk less than the $100 billion […]

Didi Could Be Raising The Largest VC Round In History

Didi Could Be Raising The Largest VC Round In History

Beijing-based ridesharing giant Didi Chuxing is considering raising a $6 billion round from Japanese tech conglomerate SoftBank, according to Bloomberg. If completed, the deal would be the single largest equity venture investment in history, per the PitchBook Platform. Existing backers […]

SoftBank To Buy Fortress For $3.3 Billion

SoftBank To Buy Fortress For $3.3 Billion

SoftBank has reached a head-turning agreement to acquire Fortress Investment Group (NYSE: FIG) for roughly $3.3 billion in cash. The purchase price of $8.08 per share represents a premium of 38.6% to Fortress’s closing price Monday. Fortress, which will operate […]