SoftBank to commit $40 billion to second Vision Fund, says report

Tech conglomerate SoftBank Group will invest $40 billion in its forthcoming second Vision Fund, the Wall Street Journal reported on Wednesday.

SoftBank’s board will meet on Thursday to approve the commitment, the WSJ reported, citing people familiar with the matter. While the first $100-billion Vision Fund was launched with $60 billion in backing from the sovereign wealth funds of Saudi Arabia and Abu Dhabi, SoftBank has pledged to launch its second even without such support as it markets the fund to potential investors.

The second fund has secured investment from Goldman Sachs Group and Standard Chartered 

WSJ said. Goldman hopes the commmitment will