Softbank and Saudi Arabia are creating the biggest fund in the world

The Softbank and the state investment Fund of Saudi Arabia are preparing for the creation of a new technology fund that will… manages 100 billion. $ in a move that will “give birth to” the largest investment fund in the world.
The new fund, which will be called SoftBank Vision Fund, based in London and will be funded initially with 25 billion. $ . from SoftBank and with 45 billion. $ . from the investment fund of Saudi Arabia over the next five years, as it transmits the CNBC citing the Financial Times.
The unusually large fund underlines the intention of investors to invest in the field of technology, despite the concerns of Silicon Valley for “inflated estimates” for startups such as Uber and Airbnb.
The SoftBank corporation announced that the Fund will go to investments in a horizon of five years, placing 20 billion. $ . the time, however, did not specify if the investment will focus on start-ups or tech companies with a long period in space.
Both the SoftBank and Saudi Arabia are progressing more and more on investments in the field of technology. Earlier this year, SoftBank bought Arm Holdings, in a deal 24 billion. pounds which marked the largest acquisition of a european technology company.
The state investment Fund of Saudi Arabia, known as the Public Investment Fund, also attempts to make more investments in technology, while earlier this year moved on to an investment of 3.5 billion. $ . the service of car-hire Uber.
The share of Softbank is enhanced more than 3% at this time in transactions in Asia.
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