Deals
SoftBank Plots Deals to Build $300 Billion Asset-Management Arm
- Unit aims to grow to that size over next four to five years
- Firm already has $93 billion tech fund, plus Fortress assets
Why Softbank Is Interested in Asset Management
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SoftBank Group Corp. founder Masayoshi Son has made a name for himself building a telecommunications and technology empire. He’s now planning an expansion in asset management.
The Japanese firm is eyeing further acquisitions in the financial sector in order to potentially create a $300 billion asset management arm that would also house its $93 billion Vision Fund for technology investments, according to people familiar with the matter.