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SoftBank's Saudi links may mean cash after purge

Steady flow of Saudi money into SoftBank Vision Fund will allow investments without adding to a heavy debt load and offer potential for investments to generate revenues

Published Mon, Dec 11, 2017 · 09:50 PM
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Tokyo

BILLIONAIRE Masayoshi Son may be getting closer to achieving his dream of making SoftBank Group Corp the world's biggest investor in technologies. The reason has to do with the main patron of Mr Son's US$100 billion investment plan, Saudi Arabia's Crown Prince Mohammed bin Salman.

The Saudi prince has been the largest investor in the SoftBank Vision Fund, contributing almost half of the money Mr Son has been raising to accelerate his dealmaking around the world. And since November, Prince Mohammed has been at the centre of an unprecedented purge of officials and political rivals in the oil-rich nation, leading to a consolidation of his power.

A stronger Prince Mohammed could mean steady flows of Saudi money into the fund, which allows SoftBank to make investments without adding to its heavy debt load and offering the potential for those investment…

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