‘confirms’ Tagged Posts

Apple confirms $1 billion investment in SoftBank tech fund

Softbank has said that it will invest at least $ 25 billion in the fund and is in talks with Saudi Arabia's Public Investment Fund for investment ...

 

Apple confirms  billion investment in SoftBank tech fund

Softbank has said that it will invest at least $ 25 billion in the fund and is in talks with Saudi Arabia’s Public Investment Fund for investment and can be as much as $ 45 billion.

“We believe their new fund and will the speed of the development of technology that can be strategically important to Apple,” company spokesman Josh Rosenstock told Reuters.

Softbank has also said that he planned to do in the future on large scale investments through the technology fund, rather than on its own.

Reuters reported in December, citing sources familiar with the matter, that Apple has held talks with Softbank oor’n investment.

Soft confirmed that Apple investment, says Benjamin Spicehandler, the outside public relations representative for Softbank. He added that Foxconn, Oracle founder Larry Ellison family office and chipmaker Qualcomm has also said that they plan to invest in the fund.

(Reporting by Aishwarya Venugopal in Bengaluru and Stephen Nellis in San Francisco; Editing by Saumyadeb Chakrabarty and Dan Grebler)