SoftBank Group Corp

SoftBank Group Corp. Has Spent At Least Half Of Its Nearly $100 Billion Vision Fund In Less Than Two Years

The Vision Fund, which is backed by the sovereign-wealth funds of Saudi Arabia and Abu Dhabi, has taken stakes in some of the world’s most valuable startups, including ride-hailing pioneer Uber Technologies Inc. and shared-office-space company WeWork Cos. LLC. SoftBank said Wednesday the fund has spent about $50 billion of its approximately $99 billion in capital.

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