December 11, 2017 / 7:21 AM / 7 months ago

Mubadala has done 15 to 16 investments in Silicon Valley as part of the Softbank fund

ABU DHABI (Reuters) - Abu Dhabi’s state investor, Mubadala [MUDEV.UL], has made 15 to 16 investments in Silicon Valley as part of a partnership with Softbank Group, deputy group CEO, Waleed al-Muhairi, told a conference in Abu Dhabi.

Mubadala has committed $15 billion to Japan’s SoftBank’s $93 billion private equity fund that has also raised money from Saudi Arabia’s main sovereign fund and other technology firms.

Reporting by Stanley Carvalho; Writing by Saeed Azhar; Editing by Tom Arnold

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