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Apple is Investing $1 Billion In SoftBank

Apple said Wednesday it plans to invest $1 billion in SoftBank’s new technology fund to help finance technologies it could use in the future. From a report: SoftBank has said it is investing at least $25 billion in the fund and has been in talks with Saudi Arabia’s Public Investment Fund for an investment that could go up to $45 billion. “We believe their new fund will speed the development of technologies which may be strategically important to Apple,” company spokesman Josh Rosenstock told Reuters. SoftBank has also said that it plans to make future large-scale investments via the tech fund, rather than on its own.

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