July 24, 2019 / 7:12 PM / 4 months ago

CORRECTED-SoftBank to announce $40 bln investment in second Vision Fund -WSJ

(Corrects the company name and Reuters Instrument Code in the first paragraph to SoftBank Group Corp from SoftBank Corp)

July 24 (Reuters) - SoftBank Group Corp is expected to announce a $40 billion investment in its new technology fund, the Wall Street Journal reported on Wednesday.

The company has been raising cash for the sequel to its $100 billion Vision Fund. It has secured investments from Goldman Sachs Group Inc and Standard Chartered Plc and is in talks with Microsoft Corp, the WSJ reported, citing people familiar with the matter.

SoftBank's board is set to approve a $40 billion investment into the fund on Thursday, according to the Journal. (on.wsj.com/2LEmBCr)

SoftBank did not immediately respond to a request for comment. (Reporting by Akanksha Rana in Bengaluru; Editing by Anil D’Silva)

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