Moreover, the spokesperson added, “Other investors continue to assess potential future commitments.”Softbank’s biggest investors Saudi Arabia’s Public Investment Fund (PIF) and Abu Dhabi’s state-owned fund Mubadala Investment Co have also started tightening its grip on the investor. SoftBank Vision Fund I generated roughly $10 Bn in disclosed profits. Mubadala head Khaldoon Al Mubarak reportedly said that SoftBank Vision Fund’s first batch needs more time to develop. UAE’s investment company Mubadala has been analysing the Vision Fund I’s investments, which includes India-based OYO Hotels and Homes. With Vision Fund II falling short of its $108 Bn target, SoftBank might have to cut short its 500-person investing staff as well.

Source: Wall Street Journal February 08, 2020 12:11 UTC