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The fate of missing journalist Jamal Khashoggi hangs over SoftBank as it looks to raise another $100 billion fund

1 month ago   |   By Business Insider

Japanese conglomerate and tech investor SoftBank is under scrutiny over its ties to Saudi Arabia, a major backer of its $100 billion Vision Fund.
That is thanks to global outcry over the status of missing Saudi journalist Jamal Khashoggi, who is feared dead after he was last seen entering the Saudi consulate in Istanbul.
Saudi Arabia's crown prince pledged $45 billion to SoftBank's next $100 billion Vision Fund.
SoftBank COO Marcelo Claure said on Tuesday the company was "anxiously" watching the Kashoggi situation.
Japanese conglomerate SoftBank is under intense scrutiny over its plans to...
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Careem, a ridehailing company in acquisition talks with Uber, raised $200 million from Saudi backers

Careem, a ridehailing company in acquisition talks with Uber, raised $200 million from Saudi backers

1 month ago   |   By Business Insider

Careem, a Middle East ride-hailing equivalent to Uber, has raised a $200 million tranche for its latest round of funding.
The deal values the company at more than $2 billion, one source said, and the company hopes to raise $500 million for the round.
The deal was led by Kingdom Holding Company, the investment vehicle for Saudi billionaire Prince Alwaleed bin Talal.
Careem has been in acquisition talks with Uber this summer, and the deal comes at a sensitive time as US companies scrutinise Saudi's influence on American tech startups.
Careem, a Middle East rival to Uber, has closed an...
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