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Mubadala to weigh up the investment in the second they turned the tech fund: executive

FILE PHOTO: The logo of SoftBank Group, Corp, is displayed at the SoftBank World in 2017 conference to be held in Tokyo, Japan, on July 20, 2017. (REUTERS photo/Issei Kato/File Photo

LONDON (Reuters) – Abu Dhabi state fund Mubadala and Investment Co. has not yet decided whether or not to invest in SoftBank’s large-scale, tech-investment fund, which is one of the top executives said on Tuesday.

“We have to evaluate it, we’ll continue to evaluate it,” said Ibrahim Ajami, chief of accounts at international monetary Fund conference. “I can’t answer with a yes or no, whether we are willing to invest in the Vision of the Fund 2.”

They turned the difficulty to attract investments to receive a second mammoth fund, the Vision Fund and the portfolio company, WeWork to pull its initial public offering and the valuation of other important investments to fall, Reuters reported last week.

Mubadala’s investment of us $15 billion in SoftBank’s $100 billion in the Vision of the Fund for the 1, and is expected to invest in SoftBank’s Vision of the Fund as the 2 is in the fourth quarter of 2019 at the latest, two sources familiar with the matter told Reuters last month.

Report by Tom Wilson; editing by Tom Arnold

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