SoftBank CEO Masayoshi Son’s plan to take over Silicon Valley and the global world of technology is starting to take form.
The $100 billion Vision Fund will invest in another 30 companies over the next two years, adding to the 30 it has already invested in over the last year or so, said Rajeev Misra, the fund’s CEO. He spoke Tuesday before Son and Saudi Crown Prince Mohammed bin Salman gave a press conference to announce their $200 billion solar power generation project in New York.
The fund aims to be the largest shareholder in 100 technology companies around the world after it has finished investing all of its money, he said. The goal is to create the biggest ecosystem of tech companies in the world.