In brief: SoftBank reportedly plans to add $15b to massive tech fund

• Japanese multinational conglomerate SoftBank Group is looking to add about US$15 billion to its already-sizable Saudi-backed Vision Fund, said people familiar with the matter.
• SoftBank has considered a variety of ways to expand Vision Fund, including raising more capital, persuading investors in Saudi Arabia and Abu Dhabi to waive debt repayments rights, or taking out more bank loans, said the sources.
• There’s no certainty that the fundraising will materialize as the firm is still working out the terms, one of the people said.
• Within around two years, Vision Fund has invested over $70 billion in tech companies. SoftBank wants to sustain its deal spree and eventually put together a second Vision Fund, the sources added.

Source: Bloomberg