But the Japanese conglomerate disclosed late Tuesday that its giant investing funds had already appropriated just under 40% of its pool of cash.
That should quiet some critics who say it is impossible to spend that much money that quickly.
Softbank chief Masayoshi Son held up the Uber deal’s size as an example of how his firm had changed the game in Silicon Valley.
Several deals struck by SoftBank are being “offered” to the Vision Fund, most notably a 25% stake in Arm Holdings, the British chip company.
The Vision Fund has upended tech investing in Silicon Valley by chasing after some of the sector’s flashiest companies — a phenomenon that has at times both frustrated and amazed rival investors.
The fund, which is backed heavily by sovereign wealth funds in Saudi Arabia and Abu Dhabi, has bought ownership stakes in companies like Slack , Fanatics and WeWork .
SoftBank on Tuesday announced that it would try to separate the company’s investing and telecommunications arms, which could allow Son more time for dealmaking.
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- Japan's SoftBank prepares listing of mobile unitPhys.Org
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- Japan's SoftBank aims to list domestic telecoms unit this yearReuters
- SoftBank's Son says India investments in line with backing market leadersTimes of India
- SoftBank Q3 profit soars on sales growthETtech.com
- Masayoshi Son plans measures to reduce discount on SoftBank stockThe Japan Times
- SoftBank's profits soar on sales growth, Sprint improvementWPXI Pittsburgh
- SoftBank Plans to List Telecom Cash CowWall Street Journal