SoftBank SPAC Said to Be in Talks for Vision Fund-Backed Mapbox
The Mapbox Inc. Vision software development kit is demonstrated on a smartphone at the SoftBank World 2018 event in Tokyo.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
SoftBank Vision Fund portfolio company Mapbox Inc. is in talks to go public via a special purpose acquisition company also overseen by SoftBank Group Corp., according to a person familiar with the situation.
Mapbox, which makes mapping tools used by Instacart Inc. and Snap Inc., is in discussions with SVF Investment Corp. 3 at a valuation of as much as $2 billion, according to Sky News, which earlier reported the negotiations. Mapbox is talking with several SPACs and no deal has been finalized, said the person, who asked not to be identified because the discussions are private.