The $100bn tech investment fund announced last week by SoftBank is likely to make “one or two” multibillion-dollar acquisitions that match its purchases of Sprint and ARM Holdings, according to chief executive officer Masayoshi Son.
The fund, which has already secured Saudi Arabia as its anchor investor, will also make “several $2bn-$5bn company acquisitions and then a bunch [worth] $1bn”, the SoftBank chief said.
Mr Son’s comments mark the first indication of how the giant fund is likely to be invested. The massive size of the investment vehicle has sent reverberations through the tech investment world, where it dwarfs other similar growth-oriented funds.