SoftBank seeks $10 billion for Vision Fund in coronavirus fight

(Reuters) – SoftBank Group Corp (T:) is looking to raise an additional $10 billion to help its first Vision Fund support portfolio companies hit by the coronavirus pandemic, Bloomberg reported https://www.bloomberg.com/news/articles/2020-03-19/softbank-seeks-10-billion-to-supplement-vision-fund-amid-crisis on Thursday, citing people with knowledge of the matter.

The Japanese technology conglomerate has reached out to outside investors for $5 billion in funds, which will be matched by another $5 billion injection by the SoftBank, the report said.

SoftBank did not immediately respond to a request for comment.

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