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Softbank’s Second Vision Fund Has Initial Close of $2 Billion

By Zoë Bernard
· · Source: Bloomberg

SoftBank has completed the initial close for its second Vision Fund at $2 billion, Bloomberg reports. The reported close is a fraction of the more than $108 billion that SoftBank has said it seeks to raise for its closely watched second Vision Fund, which was announced in July.  The second Vision Fund is off to a rocky start. The first Vision Fund’s largest investor, Saudi Arabia’s public...

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Venture Capital Asia
TikTok Valued at Around $60 Billion, As Deal Structure Emerges
By Kate Clark, Kevin McLaughlin and Jessica E. Lessin · Sept. 20, 2020 2:39 PM PDT

Walmart and Oracle are valuing the soon-to-be formed TikTok Global at between $50 billion and $60 billion, according to two people familiar with the deal, as key aspects of one of the most convoluted global tech deals in history take shape. 

Another key point: Zhang Yiming, the CEO of ByteDance, parent company of the China-based viral video app TikTok, could become the new entity's ...

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