Deals
SoftBank’s Vision Fund Plans to Unveil a Blank-Check Company
- SoftBank is said to seek outside funds and may invest its own
- Vision Fund head Rajeev Misra dismissed “Nasdaq whale” moniker
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SoftBank Group Corp.’s Vision Fund will outline plans for a blank-check company in the next two weeks, seeking to capitalize on the investor frenzy surrounding the unusual fundraising vehicle.
Rajeev Misra, the head of the Vision Fund, teased the effort in an interview with Bloomberg at the Milken Institute’s virtual conference, without providing details. Misra separately addressed reports from last month that SoftBank was the “Nasdaq whale” and downplayed its influence in stirring froth in the market for tech stocks.