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— Gillian Tan (@GillianTan) September 16, 2019
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
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.
— Turner Novak (@TurnerNovak) September 16, 2019
This would put VF II at ~$130B (108 + 13 + <10)https://t.co/Qw0SgaLehy
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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— Gillian Tan (@GillianTan) September 16, 2019
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
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.
— Turner Novak (@TurnerNovak) September 16, 2019
This would put VF II at ~$130B (108 + 13 + <10)https://t.co/Qw0SgaLehy
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
— Eliot Brown (@eliotwb) September 16, 2019
(reminder that wework hasn't even entered the public markets yet) https://t.co/po6HPL9G9G
SoftBank 후원자들, WeWork 사태로 다음 비전 펀드 역할 재검토 https://t.co/u3LcHTNc2K
— editoy (@editoy) September 17, 2019
• SoftBank의 거대한 비전 펀드의 가장 큰 지원자는 유연한 작업 공간 제공자인 WeWork에서의 큰 도박이 쉰 내가 나자, 다음 투자에 얼마나 투자할 것인지를 재고하고 있습니다.
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