Apple has held talks to invest in a Softbank technology ‘vision’ fund worth a total of $100 billion, according to Dow Jones (via CNBC). President-elect Donald Trump announced last week that Softbank will use about half of that money, around $50 billion, to invest in American businesses.
Apple’s cash pile is currently estimated to be worth more than $200 billion, with the majority kept outside of the United States. Apple does not have a history of investing in venture capital funds, so this is an interesting new direction for its capital. It’s not known how much Apple will contribute of the $100 billion total and the deal is still not confirmed.
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