SoftBank group to invest $500 million in venture capital funds in Latin America

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SoftBank group to invest $500 million in venture capital funds in Latin America
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Japan's SoftBank Group Corp is planning to invest $500 million in venture c...

FILE PHOTO: SoftBank Corp. placard is prepared during a ceremony to mark the company's debut on the Tokyo Stock Exchange in Tokyo, Japan December 19, 2018. REUTERS/Issei Kato/File Photo

Reuters previously reported that SoftBank was in talks with venture capital firms in Latin America to invest in their funds, in a move likely to speed up spending of the $5 billion regional venture capital fund launched in March.

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