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General

Sharp to invest USD 1 bln in Softbank Vision Fund

Thursday 18 May 2017 | 14:29 CET | News
Sharp announced that it will invest up to USD 1 billion in Softbank's planned Vision Fund. The company joins investors such as Apple, Mubadala Development and Oracle chairman Larry Ellison in the USD 100 billion fund. Softbank is expected to contribute a quarter of the funds, and Sharp's new controlling shareholder Foxconn has also been reported as an investor. Sharp said its investment will be spread over up to five years and its participation is expected to help the company expand in promising new business areas such as IoT.

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Categories: General
Companies: Apple / Foxconn / Oracle / Sharp / Softbank
Countries: World
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