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SoftBank will reportedly sell a 25% stake in ARM ($8 billion) to the ~$100 billion investment fund it has jointly created with Saudi Arabia, Apple, and others. ARM Holdings was bought by SoftBank for around $32 billion last year.
SoftBank Chairman Masayoshi Son met with Saudi King Salman during the King's state visit to Japan. Son gave the King one of his company's humanoid robots. Saudi Arabia is seeking investors as it prepares to launch an initial public offering for Saudi Aramco. Toyota agreed to conduct a feasibility study into the idea of production in Saudi Arabia, the result of one of twenty memorandums of understanding signed by Japanese companies and institutions with Saudi Arabia.
Also at The Telegraph, and Arab News (extra).
Related: Softbank to Invest $50 Billion in the US
(Score: 0) by Anonymous Coward on Wednesday March 15 2017, @09:06PM (2 children)
Nice to move away from oil, not nice to have Saudis involved in anything outside their own country... Apologies to any decent Saudi people, but the oppression in that culture is out of control.
(Score: 0, Disagree) by Anonymous Coward on Wednesday March 15 2017, @09:56PM
http://www.atarimagazines.com/creative/v10n8/62_Womens_rights_Not_in_Ja.php [atarimagazines.com]
(Score: -1, Troll) by Ethanol-fueled on Wednesday March 15 2017, @11:52PM
Arabs are inbred barbarian scum. and what this agreement is is a more-generous-than-deserved chance to allow them to diversify their portfolio before they fade into irrelevancy. They should not be allowed that chance, but should be nuked from orbit.