Sign up to receive 5 free days of our daily summary for tech news.

Asia Venture Capital

Saudis’ Troubles Could Taint Vision Fund

When SoftBank founder Masayoshi Son was preparing to accept billions of dollars from Saudi Arabia for his landmark Vision Fund, he hired experts to assess the political risk of accepting the fund.

It seems they may not have seen this coming. Things have been getting complicated for Mr. Son since allegations that Saudi agents killed a Saudi journalist inside the Saudi embassy in Turkey. The Saudis deny the allegations. 

Now, political fallout is clouding the future of the $100 billion Vision Fund, the biggest pool of capital for tech investment. The Saudis contributed $45 billion to it. 

SoftBank’s share price, which fell earlier in the week on the news, has since recovered a bit. But it looks like questions remain. 

0 Subscriber comments


Sign up for our weekly newsletter and 5 complimentary days of our daily tech news roundup.

Already a subscriber? Log in here