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WSJ: Apple plans to invest $1 billion to the Fund Softbank

Apple held talks on the participation in the investment Fund of the Japanese telecommunications company SoftBank. According to The Wall Street Journal, citing informed sources. The iPhone maker intends to invest in the Fund to $1 billion.

According to sources, the talks with Apple have not yet completed. It is noted that the company therefore intends to explore promising technologies.

It is assumed that the total volume of the investment Fund SoftBank technology will reach $100 billion by the company within five years to invest $25 billion.

The new investment Fund should become one of the largest in the world, it will invest in technological development. The alleged name of the investment Fund — Vision Fund SoftBank, its headquarters will be located in London.

In October 2016, the company also signed a Memorandum of understanding with the public investment Fund of Saudi Arabia. In accordance with the document, Saudi Arabia would become a partner and invests in the Fund to $45 billion over five years.

Previously elected President of the United States in his Twitter said that SoftBank plans to invest in the country’s economy $50 billion — project, which will create 50,000 new jobs.

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