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FINANCIAL NEWS
Abu Dhabi’s Mubadala aims USD15bn SoftBank fund spend
08 Jan 2017
(MENAFN) Abu Dhabi’s Mubadala Development Co. will plan up to USD10bn- USD15bn to partner with SoftBank Group Corp. and Saudi Arabia’s Public Investment Fund.
Additionally, the SoftBank Vision Fund will close in Jan and will be capped at USD100bn.
Meanwhile, the Tokoyo-based firm has lined up USD10bn to USD15bn in financing from Japanese banks to finance their share of the fund.
Accordingly, Apple proclaimed that it”s planning to invest USD1bn in the fund and Qualcomm will collaborate.
M
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