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Softbank's Saudi-backed Vision Fund to raise $4 billion in debt
SoftBank's Vision Fund is raising $4 billion in debt to help finance acquisitions and has hired Goldman Sachs and Mizuho to work on the deal, a presentation seen by Reuters said. Softbank's $98 billion Vision Fund has become one of the primary funding vehicles for technology companies around the world. Saudi Arabia provided $45 billion for the fund, and unease over Softbank's ties to the kingdom has weighed on the Japanese company's shares.
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