Egypt raises fuel prices, imposes one-year freeze amid cost pressures    Egypt courts Indian green energy investment in talks with Ocior Energy    Egypt, India hold first strategic dialogue to deepen ties    Egypt: Guardian of Heritage, Waiting for the World's Conscience    Egypt, Qatar sign MoU to boost cooperation in healthcare, food safety    EGX ends week mostly higher on Oct. 16    Egyptian Amateur Open golf tournament relaunches after 15-year hiatus    Egypt, UK, Palestine explore financing options for Gaza reconstruction ahead of Cairo conference    Egypt will never relinquish historical Nile water rights, PM says    Egypt explores cooperation with Chinese firms to advance robotic surgery    Fragile Gaza ceasefire tested as humanitarian crisis deepens    CBE, China's National Financial Regulatory sign MoU to strengthen joint cooperation    AUC makes history as 1st global host of IMMAA 2025    Avrio Gold to launch new jewellery, bullion factory in early 2026    Al Ismaelia launches award-winning 'TamaraHaus' in Downtown Cairo revival    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Egypt's Cabinet hails Sharm El-Sheikh peace summit as turning point for Middle East peace    Gaza's fragile ceasefire tested as aid, reconstruction struggle to gain ground    Egypt's human rights committee reviews national strategy, UNHRC membership bid    Al-Sisi, world leaders meet in Sharm El-Sheikh to coordinate Gaza ceasefire implementation    Egypt's Sisi warns against unilateral Nile actions, calls for global water cooperation    Egypt unearths one of largest New Kingdom Fortresses in North Sinai    Egypt unearths New Kingdom military fortress on Horus's Way in Sinai    Egypt Writes Calm Anew: How Cairo Engineered the Ceasefire in Gaza    Egypt's acting environment minister heads to Abu Dhabi for IUCN Global Nature Summit    Egyptian Open Amateur Golf Championship 2025 to see record participation    Cairo's Al-Fustat Hills Park nears completion as Middle East's largest green hub – PM    El-Sisi boosts teachers' pay, pushes for AI, digital learning overhaul in Egypt's schools    Syria releases preliminary results of first post-Assad parliament vote    Karnak's hidden origins: Study reveals Egypt's great temple rose from ancient Nile island    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Egypt reviews Nile water inflows as minister warns of impact of encroachments on Rosetta Branch    Egypt aims to reclaim global golf standing with new major tournaments: Omar Hisham    Egypt to host men's, juniors' and ladies' open golf championships in October    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



SoftBank plowing billions of dollars into tech firms: Here's some of its investments so far
Published in Amwal Al Ghad on 29 - 07 - 2017

Japan's tech giant SoftBank has been pumping billions of dollars into tech companies, both public and privately held, in the last year — so much so that one investor has questioned whether SoftBank is fueling a new valuation bubble in tech.
Some of these investments are coming from the gigantic SoftBank Vision Fund, which includes funds from SoftBank as well as Saudi Arabia's sovereign wealth fund and tech companies like Apple, Foxconn, Qualcomm and Sharp. The fund announced in May that it had closed $93 billion in capital, and hopes to raise $100 billion by the end of the year.
But SoftBank has also announced many investments that don't involve the Vision Fund. According to reports and sources familiar, some of these investments will be offered to the Vision Fund, while others will not.
Here's a partial list:
Vision Fund investments:
* Brain Corp, an AI company working on tech for self-driving robots, received a $114 million investment from the Vision Fund in July.
* Plenty, specializing in vertical farming, landed $200 million from the Vision Fund in July.
SoftBank investments that are expected to be offered to the Vision Fund
* Nauto – A softbank SoftBank and GM led a $159 million investment in self-driving car start-up Nauto in June, and Softbank is expected to offer its portion of this investment to the Vision Fund.
* Nvidia – SoftBank invested $4 billion in graphics chip-maker Nvidia in May, and is expected to offer this investment to the Vision Fund.
* Improbable – SoftBank led a $500 million investment into this UK virtual reality start-up in May, and is expected to offer its portion of this investment to the Vision Fund.
* Guardant Health – SoftBank led a $360 million investment in this cancer-detection start-up in May, and is expected to offer its portion of this investment to the Vision Fund.
* OSlsoft – SoftBank announced an investment in industrial software maker OSIsoft in May, and is expected to this investment to the Vision Fund. The amount of the investment was not disclosed, but Reuters reported it to be in the "hundreds of millions of dollars."
* OneWeb – SoftBank invested $1 billion in this satellite-based Internet provider last December, but is expected to offer this investment to the Vision Fund.
* ARM – SoftBank bought the British mobile chip designer for $32 billion last year, and is expected to offer 24.99% of its holdings to the Vision Fund.
* SoFi – SoftBank led a $1 billion investment in online personal finance company and lending start-up SoFi in 2015, and is expected to offer its portion of this investment to the Vision Fund.
SoftBank investments that are not currently expected to be offered to the Vision Fund
* WeWork – SoftBank announced in July that it was participating in a complicated $500 million investment that will create a Chinese subsidiary of the U.S. workspace-sharing start-up.
* Boston Dynamics – In June, SoftBank bought this robotics start-up that was previously a division of Google holding company Alphabet. SoftBank has not disclosed intentions to transfer to the Vision Fund.
This week, SoftBank was also reported to be considering an investment of "billions" in ride-hailing giant Uber, and to be leading a $250 million investment in business messaging platform Slack.
Source: CNBC


Clic here to read the story from its source.