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Saudi Arabia owns half of Softbank's Vision Fund and they already put $3.5 billion in Uber (5.6%), why would they want to double down? https://www.nytimes.com/
by gourou 9y ago
Saudi Arabia owns half of Softbank's Vision Fund and they already put $3.5 billion in Uber (5.6%), why would they want to double down?
https://www.nytimes.com/2016/06/02/technology/uber-investment-saudi-arabia.html https://www.nytimes.com/2016/06/02/technology/uber-investmen...
http://money.cnn.com/2017/09/20/technology/softbank-vision-fund-saudi-investments/ http://money.cnn.com/2017/09/20/technology/softbank-vision-f...
- loceng 9y agoIt's likely part of the exit strategy. They are confident they can get a maybe even a small return on billions of dollars, and Uber likely is hoping it looks like such a big 'positive signal' is a sign that Uber is a solid company to invest in..