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SoftBank Vision Fund backers PIF & Mubadala are reconsidering how much to commit to Vision Fund II as an oversized bet on WeWork sours. Once eyeing $45 billion, Saudi's PIF is now planning to only reinvest profits from VF I.

Scoop w/ @turnergs ➡️ https://t.co/m0KIqo6xnx $WE

— Gillian Tan (@GillianTan) September 16, 2019

Wework effect --> Saudi Arabia’s Public Investment Fund, which contributed $45 billion to the $100 billion Vision Fund, is now only planning to reinvest profits from that vehicle into its successor, according to people familiar with the talks. https://t.co/rfbUrfVDIK

— Madhav Chanchani (@madhavchanchani) September 16, 2019

The Saudi's are "re-investing Vision Fund I profits (~29% x $45B = $13B?) into Vision Fund II", and Abu Dhabi is putting in <$10B.

This would put VF II at ~$130B (108 + 13 + <10)https://t.co/Qw0SgaLehy

— Turner Novak (@TurnerNovak) September 16, 2019

Further sources: They are also considering which tech journalists to dismember because they asked too many questions about WeWork’s biz model https://t.co/yhVRaDhOK9

— Michael Selvidge (@selviano) September 16, 2019

Because they weren't real commitments. They were memoranda of understanding. https://t.co/eMaKHqEUc5

— Dan Primack (@danprimack) September 16, 2019

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SoftBank Vision Fund backers PIF & Mubadala are reconsidering how much to commit to Vision Fund II as an oversized bet on WeWork sours. Once eyeing $45 billion, Saudi's PIF is now planning to only reinvest profits from VF I.

Scoop w/ @turnergs ➡️ https://t.co/m0KIqo6xnx $WE

— Gillian Tan (@GillianTan) September 16, 2019

The Saudi's are "re-investing Vision Fund I profits (~29% x $45B = $13B?) into Vision Fund II", and Abu Dhabi is putting in <$10B.

This would put VF II at ~$130B (108 + 13 + <10)https://t.co/Qw0SgaLehy

— Turner Novak (@TurnerNovak) September 16, 2019

Saudi Arabia's PIF and Abu Dhabi’s Mubadala are reconsidering how much to commit to the next Vision fund. https://t.co/F31xL4LRVR via @business

— Nivi (@nivie) September 16, 2019

Saudi Arabia & Abu Dhabi cooling on Vision Fund Act II amid WeWork's rough entry to the public markets

(reminder that wework hasn't even entered the public markets yet) https://t.co/po6HPL9G9G

— Eliot Brown (@eliotwb) September 16, 2019

SoftBank 후원자들, WeWork 사태로 다음 비전 펀드 역할 재검토 https://t.co/u3LcHTNc2K
• SoftBank의 거대한 비전 펀드의 가장 큰 지원자는 유연한 작업 공간 제공자인 WeWork에서의 큰 도박이 쉰 내가 나자, 다음 투자에 얼마나 투자할 것인지를 재고하고 있습니다.

— editoy (@editoy) September 17, 2019

This does not bode well for Masa Son’s vision of raising $100 billion once every 2-3 years. Son has yet to prove that his bold strategy is working. How many startups can absorb that much capital? Where are the “synergies” b/t the VF companies? @business https://t.co/jtwPjkItMg

— Selina Wang (@selinawangtv) September 16, 2019