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Abu Dhabi’s Mubadala optimistic about Softbank Vision Fund

Japan’s SoftBank Group CEO Masayoshi Son delivers a speech during a press briefing on the company’s financial results in Tokyo on November 6, 2019. (AFP)
Japan’s SoftBank Group CEO Masayoshi Son delivers a speech during a press briefing on the company’s financial results in Tokyo on November 6, 2019. (AFP)
11 Dec 2019 05:12:17 GMT9
11 Dec 2019 05:12:17 GMT9

Reuters, Dubai

Abu Dhabi state fund Mubadala says it remains optimistic about Softbank’s Vision Fund, a senior executive said on Wednesday.

“The SoftBank Vision Fund is doing well, we are three years into it. We continue to be optimistic about them,” Ibrahim Ajami, head of Mubadala Venture Capital said at a conference.

Mubadala has invested $15 billion in Softbank’s Vision Fund I and has been in talks with Softbank about investment in a second technology fund.

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