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The Saudi government was the major investor. He pays them back with positive PR. It becomes tricky when he mixes Vision Fund business with SoftBank business.
by mathattack 7y ago
The Saudi government was the major investor. He pays them back with positive PR.
It becomes tricky when he mixes Vision Fund business with SoftBank business.
- tenpies 7y agoAnd if you're the Saudi government, your biggest concern is probably not Softbank, the Vision Fund, or WeWork - it's the Aramco IPO. The valuation range for that was comical with it being anywhere from slightly under $1 Trillion USD to $2 Trillion USD depending on who you ask. I mean you can use WeWorks as a scale for that sort of spread.
- mathattack 7y agoYes. And that’s an entirely new shell game. (Similar though - small float of shares yields a huge valuation which can be borrowed against...)