Reported to be the world's largest pool of private equity, Saudi Arabia and SoftBank Group's technology investment fund, called the Vision Fund, was announced in October last year and things have picked up pace since then.
When the initial announcement was made, SoftBank had explained that the Public Investment Fund (PIF), which is Saudi Arabia's top sovereign wealth fund, would be the lead investment partner and invest up to $45 billion over the next five years, while SoftBank would invest at least $25 billion. The investment fund, according to reports, could swell up to $100 billion.
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