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SoftBank's Son to meet Saudi King Salman on Tuesday in Tokyo

March 13, 2017 at 09:16 pm EDT

TOKYO (Reuters) - SoftBank Group Corp Chairman Masayoshi Son will meet Saudi King Salman on Tuesday in Tokyo, a person briefed on the matter said, as the kingdom and the Japanese tech and investment firm proceed with plans to create a $100 billion technology-investment fund.

The source did not have further details on the meeting between the billionaire entrepreneur investor and the king, who is on a state visit to Japan this week.

The Saudi embassy did not immediately respond to a telephone request for comment.

Saudi Arabia and SoftBank agreed in October to pursue the SoftBank Vision Fund, which would be one of the world's largest private-equity investors and a potential kingpin in the industry.

(Reporting by Yoshiyasu Shida; Writing by William Mallard; Editing by Chang-Ran Kim)

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
SOFTBANK GROUP CORP.	7,603 JPY	-1.96%	-3.47%	73.3B
LINE CORPORATION	5,350 JPY	-.--%	-0.19%	12.52B
SOFTBANK CORP.	1,850 JPY	-0.51%	+1.43%	56.93B
ARM HOLDINGS PLC	99.88 USD	+3.97%	-7.14%	103B

Masayoshi Son

Mr. Masayoshi Son is a Chairman at Supercell Oy, a Chairman & Chief Executive Officer at SoftBank Group Corp., a Chairman & Chief Executive Officer at SB Investment Advisers (UK) Ltd. and a President & Representative Director at Wireless City Planning, Inc. He is on the Board of Directors at Arm Ltd. (United Kingdom), SoftBank Group Japan KK, SoftBank Corp. and Wireless City Planning, Inc. Mr. Son was previously employed as a Chairman by SVF Holdco (UK) Ltd., a President, CEO & Representative Director by Softbank Telecom Corp., a President, CEO & Representative Director by SOFTBANK BB Corp., a Chairman by Brightstar International Corp., a Principal by MIC America LLC, a President & Director by SoftBank Holdings, Inc., and a Member by Son Asset Management LLC. He also served on the board at Sprint Corp., Alibaba Group Holding Ltd. and Z Holdings Corp. He received his undergraduate degree from the University of California, Berkeley.

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SOFTBANK GROUP CORP.	Chief Executive Officer
Arm Ltd. (United Kingdom) Arm Ltd. (United Kingdom) SemiconductorsElectronic Technology Arm Ltd. engages in the licensing, marketing, and research and development of microprocessors, system intellectual property (IP), graphics processors, physical IP and associated systems IP, software and tools. Its products include Pelion IoT platform, Mbed OS, IoT SoC, and Kigen SIM. The company was founded by Michael Peter Muller in November 1990 and is headquartered in Cambridge, the United Kingdom.	Chairman

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