(Reuters) - SoftBank Group Corp (T:9984) is looking to raise an additional $10 billion to help its first Vision Fund support portfolio companies hit by the coronavirus pandemic, Bloomberg reported https://www.bloomberg.com/news/articles/2020-03-19/softbank-seeks-10-billion-to-supplement-vision-fund-amid-crisis on Thursday, citing people with knowledge of the matter.
The Japanese technology conglomerate has reached out to outside investors for $5 billion in funds, which will be matched by another $5 billion injection by the SoftBank, the report said.
SoftBank did not immediately respond to a request for comment.