AppleCould Sink $1 Billion Into Softbank's Mega Tech Fund
Apple CEO Tim Cook responds to a question during a news conference at IBM Watson headquarters, in New York in April 2015. Days after Softbank billionaire Masayoshi Son met with Donald Trump to discuss a mega, $100 million investment fund that would funnel half itself into American companies, Apple may be getting in on the action. Apple has reportedly discussed putting some of its own money in what looks set to be history's biggest, technology-investment fund. Apple has talked to Softbank about investing up to $1 billion in the fund, according to reports in Reuters and the Wall Street Journal, which cites people familiar with the matter, and who cautioned that any investment from Apple had yet to be finalized. Such a move would bring Apple's cash, estimated to be worth some $200 billion and located mostly outside of the United States, into one of the world's biggest investment funds.
Dec-13-2016, 16:40:04 GMT
- Country:
- North America > United States > New York (0.27)
- Industry:
- Information Technology (1.00)
- Telecommunications (0.89)
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