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The fate of missing journalist Jamal Khashoggi hangs over SoftBank as it looks to raise another $100 billion fund
Japanese conglomerate and tech investor SoftBank is under scrutiny over its ties to Saudi Arabia, a major backer of its $100 billion Vision Fund. That is thanks to global outcry over the status of missing Saudi journalist Jamal Khashoggi.
The two companies are closely entwined, with hundreds of SoftBank staff using space at the two companies’ Japanese joint venture.
Softbank may make an investment between $15 billion and $20 billion in WeWork, giving it a majority stake in the coworking-space company, according to a Wall Street Journal report on Tuesday. The discussion is ongoing and a deal is not guaranteed.
Crown Prince Mohammed bin Salman told Bloomberg that Saudi Arabia's Public Investment Fund wanted to be a key player in SoftBank's next fundraise, as it had seen "a huge benefit" from the first one.
Japan's highest-profile companies will announce something big.
Masayoshi Son wants to flood startups with insane cash as SoftBank plans new $100 billion fund every few years
SoftBank CEO Masayoshi Son plans to throw an insane amount of cash at startups over the next decade, saying that the firm will raise a new $100 billion fund every few years.
Office occupancy startup WeWork is raising a further $1 billion in convertible debt from one of its existing investors, SoftBank. The unusual mechanism gives WeWork an immediate cash injection, as it continues to funnel money into expanding its shared office business globally.
SoftBank and its $100 billion Vision Fund have made a slew of investments in tech firms around the world. So far, it has bought a 20% stake in GM's Cruise autonomous driving unit and smaller investments in Uber, Nvidia, WeWork, and more.
A company that makes a crazy camera with 16 lenses just got $121 million from SoftBank to build eyes for self-driving cars
Light's CEO tells Business Insider that the company is moving aggressively into autonomous vehicles, encouraged by Masa Son.
GM’s $2 billion deal with a Japanese tech giant may give the automaker a big advantage in the race to develop self-driving cars
The deal has given GM equity value that it can use to attract new talent. Cruise has grown dramatically since GM bought it in 2016; what started as a 40-employee startup now has 800 people working it. GM President Dan Ammann said that another leg of significant growth is on the way.