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SoftBank’s Tech Backers Refuse Second Fund

By
Cory Weinberg
· · Source: The Wall Street Journal

The biggest backers of SoftBank’s Vision Fund don’t want to pump money into a second massive fund, the Wall Street Journal reports, preferring more incremental steps like just allocating profits from the first fund into a follow-up fund. The resistance comes from Saudi Arabia’s Public Investment Fund and Abu Dhabi’s state-owned fund Mubadala Investment Co., which pumped the most money into the...

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