SoftBank said that the idea the firm is having a hard time raising money for Vision Fund II is 'misleading and even inaccurate.'
Sources told the Journal that investors are hesitant to hand over money to SoftBank because of issues concerning lack of transparency and the decision-making going into where the money is invested, which led
. Interested investors reportedly see the Vision Fund as a"bet on the acumen of one person: SoftBank Chief Executive Masayoshi Son." However, SoftBank disputed reports the company is having trouble getting money for its second Vision Fund. "While we don't comment on fundraising, much of the Wall Street Journal's reporting on investor sentiment is misleading and even inaccurate," a SoftBank spokesperson told Business Insider in an email.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SoftBank Faces Challenges Raising Latest $100 Billion FundSoftBank’s bid to raise a second mega fund has met with a chilly reception from some of the world’s biggest money managers, signaling that a crucial initiative for the firm faces significant hurdles.
Read more »
The next recession, Mark Zuckerberg's security chief, and UnitedHealth Group's $100 billion goalIt was a rough week for markets, with Donald Trump's decree that the US will impose tariffs of 5% on Mexican imports sending stocks into a spin.
Read more »
SoftBank Faces Challenges Raising Latest $100 Billion FundSoftBank’s bid to raise a second mega fund has met with a chilly reception from some of the world’s biggest money managers, signaling that a crucial initiative for the firm faces significant hurdles.
Read more »
The next recession, Mark Zuckerberg's security chief, and UnitedHealth Group's $100 billion goalIt was a rough week for markets, with Donald Trump's decree that the US will impose tariffs of 5% on Mexican imports sending stocks into a spin.
Read more »
28 Products To Buy For Your Annual “Well I Guess It’s Time To Actually Try” DaySIGH, I guess I have no choice but to get my life together now.
Read more »
Doubts Raised In Case Of Man Found Guilty Of Murdering His Baby Son And Two Adults“When you look at the material you just get this gut sense that’s something definitely not right here.”
Read more »
How a former Russian navy officer raised $125 million from backers including SoftBank to put 2,000 cleaning robots in Walmart storesEugene Izhikevich is CEO and co-founder of Brain Corp, a SoftBank-backed firm that builds software for turning manual machines into autonomous robots.
Read more »
For the U.S. and China, it’s not a trade war anymore — it’s something worseFor the U.S. and China, trade tensions are just part of a rapidly deteriorating relationship. Harsh talk of a 'clash of civilizations' is becoming a new norm.
Read more »
'Godzilla: King of the Monsters' debuts with mediocre $49M'Godzilla: King of the Monsters' box office just brought $49 million, disappointing start, when it is debuted 4,108 locations.
Read more »
Have regulators created a new type of financial monster?Clearing houses have reduced the risk of disruption from derivatives. But regulators have created institutions that are too big too fail
Read more »