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SoftBank says $93 billion committed to technology fund
Mubadala committed $15 billion, according to a separate statement. Softbank has long made bold investments in transformative technologies and supported disruptive entrepreneurs, son said in the statement. The softbank vision fund is consistent with this strategy and will help build and grow businesses creating the foundational platforms of the next stage of the information revolution. The shares of softbank are up about 25% since the fund was announced in october, buoyed by the prospects it would ease the strain on the japanese company's balance sheet.
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