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It's Time to Consider SoftBank's Future Without Saudi Money

  • The kingdom is the biggest backer of $100 billion Vision Fund
  • Sanford C. Bernstein outlines possible outcomes for SoftBank
Updated on

With the growing backlash against Saudi Arabia over the murder of government critic Jamal Khashoggi, SoftBank Group Corp. faces tough decisions in its relationship with the kingdom.

Founder Masayoshi Son has had particularly close ties to Saudi Arabia ever since now-Crown Prince Mohammed bin Salman agreed to make Saudi’s Public Investment Fund (PIF) the largest investor in SoftBank’s $100 billion Vision Fund. That fund is now the cornerstone of Son’s company as he uses the cash to take major stakes in tech companies such as Uber Technologies Inc. and WeWork Cos.