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Deal Digest: Vision Fund may invest $2b in Yanolja; Dentsu sets up 2nd CVC vehicle
Kyoto, Japan. Photo: Alex Wolfe/Unsplash
June 3, 2021
SoftBank Vision Fund is reportedly injecting $2 billion into Korean travel platform Yanolja while Japanese advertising agency Dentsu Group announced the setting up of its second corporate venture capital fund.
SoftBank Vision Fund to inject $2b into Korean travel platform Yanolja
Japan’s Softbank Vision Fund is said to be weighing an investment of around $2 billion in South Korea’s largest travel platform Yanolja, The Korea Economic Daily reported.
With the backing of Vision Fund, Yanolja will expand its business through mergers and acquisitions and seek a US listing as early as 2023, the daily reported.