SoftBank Group’s board is reportedly planning to meet Thursday to approve a $40 billion investment into its new technology fund. The investment comes after SoftBank secured backing from an unusual configuration of investors that includes Apple, Goldman Sachs, and the government of Kazakhstan. The Wall Street Journal reports that an anticipated merger of Sprint Corp. and T-Mobile — poised for approval by regulators — will wipe away billions of dollars in SoftBank debt and make […]
source https://therealdeal.com/2019/07/25/softbank-to-invest-40b-in-technology-megafund/
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