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SoftBank's Saudi Connections Could Mean Cash After Crackdown

  • Crown Prince, key backer of Vision Fund, consolidating power
  • But a reversal may raise questions about continued investment
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Bloomberg’s Phil Serafino discusses possible investments into Saudi Arabia from SoftBank. (Nov. 16)(Source: Bloomberg)
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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 Son’s $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 Son has been raising to accelerate his dealmaking around the world. And since November, Prince Mohammed has been at the center of an unprecedented purge of officials and political rivals in the oil-rich nation, leading to a consolidation of his power.