Japan's SoftBank Group Corp said on Thursday it had launched a new $5 billi...
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato
The fund will be headed by SoftBank’s Chief Operating Officer Marcelo Claure, it said in a statement, with the Japanese tech conglomerate committing an initial $2 billion and serving as the fund’s general partner. The fund also gives Bolivian-born billionaire Claure greater responsibility in the group beyond his roles managing SoftBank’s existing investments and overseeing the takeover of SoftBank’s U.S. telecoms unit Sprint Corp by Deutsche Telekom’s T-Mobile.
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