Apple Confirms USD 1 Billion Investment in SoftBank

January 4, 2017, Wednesday @ 22:34 in World | Views: 90
Apple Confirms USD 1 Billion Investment in SoftBank Apple Photo: EPA

Apple Inc confirmed on Wednesday its plans to invest USD 1 billion in a tech fund being set up by Japan’s SoftBank Group Corp, Euronews reported.

SoftBank has said it is investing at least USD 25 billion in the fund and has been in talks with Saudi Arabia’s Public Investment Fund for an investment that could go up to USD 45 billion.

SoftBank has also said that it plans to make future large-scale investments via the tech fund, rather than on its own.

Tags: SoftBank, tech fund, Saudi Arabia, fund, Apple, investment