Sun, May 21, 2017
Japan's Softbank will invest $93 billion in Softbank Vision Fund that will be invested in the technology sector and it expects the total commitment in the company to reach $100 billion in six months.
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Private equity fund backed by Softbank Group and Saudi Arabia`s main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics.
Thu, Mar 23, 2017
For Amazon, Souq.com offers expertise and a foothold in a region where e-commerce is expanding quickly thanks to a young and tech-savvy population. Kuwait, Saudi Arabia and the United Arab Emirates are among the top markets worldwide for mobile phone penetration.
Thu, Jan 05, 2017
"Apple is planning to invest $1 billion in SoftBank`s Vision Fund. We have worked closely with SoftBank for many years and we believe their new fund will speed the development of technologies which may be strategically important to Apple," the company said in a statement.
Sat, Oct 15, 2016
Saudi Arabia and Japan's SoftBank Group will create a technology investment fund that could grow as large as $100 billion, making it one of the world's largest private equity investors and a potential kingpin in the industry.
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