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
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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.
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