Mubadala has done 15 to 16 investments in Silicon Valley as part of the Softbank fund

Hotly anticipated bitcoin futures surge 21 percent on debut
December 10, 2017
Nokia COO to leave the company
December 11, 2017
This post was originally published on this site

ABU DHABI (Reuters) – Abu Dhabi’s state investor, Mubadala [MUDEV.UL], has made 15 to 16 investments in Silicon Valley as part of a partnership with Softbank Group, deputy group CEO, Waleed al-Muhairi, told a conference in Abu Dhabi.

Mubadala has committed $15 billion to Japan’s SoftBank’s $93 billion private equity fund that has also raised money from Saudi Arabia’s main sovereign fund and other technology firms.

Reporting by Stanley Carvalho; Writing by Saeed Azhar; Editing by Tom Arnold

Our Standards:The Thomson Reuters Trust Principles.