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Apple Has Discussed $100 Billion Investment In SoftBank

Apple Has Discussed $100 Billion Investment In SoftBank

Enterprise & IT Dec 13,2016 0

Apple has held talks about investing in a $100 billion technology fund that SoftBank Group Corp. aims to launch next year, according to Bloomberg.

Apple may contribute as much as $1 billion to the fund, which would give the company insight into up-and-coming technologies, said the report.

Apple invested $1 billion in May in Chinese ride-hailing company Didi Chuxing. The deals would mark a shift in strategy for the iPhone maker, which has largely concentrated on acquiring startups valued at less than $1 billion.

Apple declined to comment.

SoftBank CEO Masayoshi Son told President-elect Donald Trump last week that about half of the $100 billion technology fund would be invested in the U.S., pledging to create 50,000 new jobs.

Tags: Applesoftbank
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