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SoftBank flags first Vision Fund 2 investments within three months

Tech investor plans to sell off stakes to raise cash despite $10.5bn profit

SoftBank Group CEO Masayoshi Son speaks at a news conference in Tokyo on Aug. 7, after the company logged a record quarterly profit for a listed Japanese company. (Photo by Ken Kobayashi)

TOKYO -- SoftBank Group's latest $100 billion Vision Fund will begin investing within three months, even before it has firm commitments from external investors, CEO Masayoshi Son said on Wednesday, as it races to continue its rapid investment spree in technology companies.

"In about one to three months, the investment activities of the second fund will start," Son said.

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