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Wednesday, 4 January 2017

Apple confirms $1 billion investment in SoftBank tech fund | Reuters

Apple confirms $1 billion investment in SoftBank tech fund | Reuters:
"Apple Inc (AAPL.O) confirmed on Wednesday its plans to invest $1 billion in a tech fund being set up by Japan's SoftBank Group Corp (9984.T).

SoftBank has said it is investing at least $25 billion in the fund and has been in talks with Saudi Arabia's Public Investment Fund for an investment that could be as much as $45 billion.

"We believe their new fund will speed the development of technologies which may be strategically important to Apple," company spokesman Josh Rosenstock told Reuters."

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