Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Softbank 'anxiously' monitoring Saudi Arabia situation: executive

October 16, 2018 11:35 PM
75 0

SAN JOSE, Calif. (Reuters) - Softbank Group (9984.T) Chief Operating Officer Marcelo Claure said on Tuesday it is “business at usual” at companies backed by its nearly $100 billion Vision Fund despite a tense situation with Saudi Arabia, which provided nearly half of the fund’s capital.

Claure spoke at a technology conference in San Jose, California for British chip design firm Arm Holdings, which was acquired by Softbank Group in 2016 for $32 billion. Claure said Softbank is “anxiously looking at what is happening” regarding the fate of journalist Jamal Khashoggi, who disappeared ...

Read more

Share in social networks:

Comments - 0