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Apple, Goldman Sachs and the Kazakhstan Authorities set to Put money into Softbank's new … – jj
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Apple, Goldman Sachs and the Kazakhstan Authorities set to Put money into Softbank's new …

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It was reported yesterday by MarketWatch that the Wall Street Journal was reporting that the SoftBank Group Corp. is expected to invest $40 billion into its new technology megafund after securing backing from an unlikely coalition of investors including Apple, Goldman Sachs Group and the Kazakhstan government.

 

SoftBank’s board was set to meet Thursday to approve the investment. It comes as U.S. regulators are poised to approve the merger of Sprint and T-Mobile, a deal that will rid SoftBank of billions of dollars in debt and free it up to invest.

 

The Journal said in its report that unnamed sources said both Saudi Arabia and Abu Dhabi have indicated they are likely to invest again, but Riyadh’s commitment will be less than the $45 billion it put into the first fund.

 

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