SoftBank’s billionaire CEO says he won’t turn his back on Saudi investment

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By Claire Atkinson

Masayoshi Son, the billionaire founder and chief executive officer of Japan’s SoftBank, said Monday he is not turning his back on investments with Saudi Arabia, despite the murder of Washington Post journalist Jamal Khashoggi.

SoftBank, which has stakes in Sprint and Uber among other U.S. companies, is one of the world’s biggest investors in technology through what’s known as its Vision Fund. The fund has $100 billion, around half of it from Saudi Arabia, and houses stakes in a number of start-ups as well as companies such as WeWork and Slack.

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