Abu Dhabi – Mubasher: Mubadala Investment Company is looking for further investment opportunities in Softbank Vision Fund, said the company’s CEO Khaldoon Al Mubarak on Monday.
The company considers investment opportunities in artificial intelligence, virtual reality, ride-sharing and e-commerce, the CEO told CNBC in an interview.
The international Softbank Vision Fund expressed earlier its hope to raise $100 billion by the end of 2017, and many investors, apart from Mubadala, were interested, including Saudi Arabia’s Public Investment Fund (PIF), Apple, and Sharp.
“Mubadala has completed more than 20 transactions since entering into partnership with the Softbank Vision Fund, which were in high quality industries,” Al Mubarak continued.
“We needed to find the right platform, the right partner with the right track record, the right values that we share, and the right other investors within the group. We found that with the Softbank Vision Group,” the top official concluded.
