UAE's Mubadala evaluating SoftBank's Vision Fund 2: Executive

SoftBank Group CEO Masayoshi Son delivers a speech during a press briefing. (File photo:AFP)

An executive of UAE’s Mubadala said the state investor is in the process of evaluating SoftBank’s Vision Fund 2.

Mubadala said it remains optimistic about Softbank's Vision Fund, a senior executive said.

“The SoftBank Vision Fund is doing well, we are three years into it. We continue to be optimistic about them,” Ibrahim Ajami, head of Mubadala Venture Capital said at a conference.

Mubadala has invested $15 billion in Softbank's Vision Fund I and has been in talks with Softbank about investment in a second technology fund.

Last Update: Wednesday, 11 December 2019 KSA 11:37 - GMT 08:37