$22-billion rout: Softbank pays heavy price for ties with Saudi

Masayoshi Son has already paid a price for his close ties to Saudi Arabia. It could soon go much higher. Son’s SoftBank Group plummeted the most in more than two years on Monday after Saudi Arabia came under fire for the disappearance of journalist Jamal Khashoggi. The kingdom is the biggest outside investor in SoftBank’s $100 billion Vision Fund, which has backed Uber Technologies, WeWork, Didi Chuxing and Slack Technologies.
 

Though Saudi officials have denied wrongdoing, Turkish authorities allege the Washington Post writer was murdered after entering a Saudi consulate in Istanbul. The US is pressing for an explanation and