8 ms·
I swear a few weeks ago I was reading the usual media outlets talking the prospect of this IPO up at the same time. Now this. It feels to me like someone got fe
by s_Hogg 7y ago
I swear a few weeks ago I was reading the usual media outlets talking the prospect of this IPO up at the same time. Now this. It feels to me like someone got fed a line.
Edit: wait, the head of Aramco is now a Softbank director? What on earth is going on there?
- siculars 7y agoSaudis put something like 45 billion USD into one of the 100 billion + Softbank funds. You get a director seat for that kinda money...
- jansan 7y agoTime will tell if that's all they got for their money.
- TheOtherHobbes 7y agoJust a reminder that when the Saudis needed cash, they locked some of their richest families in a luxury hotel and "pressured them" until they handed over around $100bn in what was labelled an anti-corruption drive. If VisionFund 1 goes under, losing $45bn is going to make Masayoshi Son really quite unpopular with the Saudis.
- toomuchtodo 7y agoUnpopular enough to invite him to an embassy for a discussion?
- edshiro 7y agoI see what you did here. Although they would never dare do this to Son.
- NotSammyHagar 7y agoIt's not a secret but it's been under reported that one reason that softbank money was so wastefully spent was because there was a gusher of it coming from S.A.