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ISSUE – July 27 | SoftBank is the word on Silicon Valley’s lips

I spent the past few days meeting with Bay Area tech execs and investors, and there was one thing they all wanted to discuss: SoftBank. Japan’s SoftBank Group has quickly become the Daddy Warbucks of Silicon Valley, investing huge sums into tech companies at dizzying valuations. Much of this is through the firm’s new Vision Fund, which so far has closed on around $93 billion of its $100 billion target, although plenty of other deals have come off of SoftBank’s regular balance sheet (including the recent financing for Southeast Asia ride-hail company Grab). SoftBank also is a White House favorite, with founder and CEO Masayoshi Son having done the Trump Tower shake-and-snap prior to inauguration day. [ Axios ]

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