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SoftBank's Son declares second $100bn tech fund will launch soon

Vision Fund drives profits but Uber IPO and Sprint merger spark jitters

SoftBank Group Chairman and CEO Masayoshi Son shares his plan for a new fund in Tokyo on May 9. (Photo by Ken Kobayashi)

TOKYO -- SoftBank Group CEO Masayoshi Son on Thursday unveiled plans to establish a second $100 billion investment fund "in the near future," confirming his determination to double down on his international spending spree.

"I want to officially announce the preparation of fund two," Son declared during an earnings conference in Tokyo. Although details are yet to be worked out, he said the new fund "will be around the same size as fund one."

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