Japanese carries will delay in releasing Huawei' P30 lite Premium smartphone.
Son has been remaking SoftBank Group from primarily a telecommunications operator into a technology investment firm.
One analyst crunched the numbers to find plenty of promise: He figures Masayoshi Son has already made close to US$9 billion on paper.
SoftBank is in talks with Oman for an investment in the fund, which has raised nearly all of its funding so far from Saudi Arabia and Abu Dhabi.
This new venture aims to provide high-speed internet to remote areas by fly networking equipment at high altitudes.
The funding allows Uber to transfer some of the substantial cost of developing self-driving cars onto outside investors.
SoftBank invested in Ola rival Uber and tried to merge the two companies.
Uber has been exploring a deal to bring on outside investors for the self-driving business since last year.
The sum represents a massive 10% of issued shares aimed at improving finances and shareholder returns.
SoftBank is expected to finalise its investment in Grab this month.
SoftBank shares finished the session at 1,282 yen, down 14.5% from the IPO price.
SoftBank will also order equipment for its next-generation 5G network from the two European suppliers instead of Huawei.
SoftBank and its bankers also embarked on a marketing campaign to attract retail investors.
The Japanese technology conglomerate plans to sell 1.6 billion shares at 1,500 yen apiece.
Net profit rose to 840 billion yen (US$7.4 billion) from 103 billion yen during the same period last year, the Japanese mobile giant and IT investor said.
As horrible as this event was, we cannot turn our backs on the Saudi people as we work to help them in their continued efforts to reform and modernise their society.
Son's absence from the stage is in marked contrast to last year's inaugural event, where the 61-year-old Japanese entrepreneur was a notable presence lending credence to Saudi Crown Prince Mohammed bin Salman's efforts to attract foreign investment.
SoftBank's Claure requested the organisers of the Saudi Arabia conference to remove his name from the list of speakers, and said he will not attend.
SoftBank, led by billionaire Masayoshi Son, had earlier told potential underwriters seeking a large role on the IPO that they should offer to lend to other parts of the parent company’s empire.
Grab is likely to tap strategic and financial firms for the remainder of the funding and this could be the final major funding before a potential IPO in a few years.
Monet Technologies Corp will initially introduce ride-hailing services for Japanese public agencies and private companies, followed by a rollout of autonomous vehicles in 2020.
The Vision Fund has made investments in technology companies including ride-hailing firm Uber Technologies Inc and shared-office space firm WeWork.
SoftBank Group Corp has told potential underwriters seeking a large role in the blockbuster IPO of its Japanese wireless unit that they should offer to lend to other parts of the parent company’s empire.
PIF said Liveris had extensive experience working in Saudi Arabia the last two decades and under his leadership, Dow DuPont worked with Aramco to develop the Sadara Chemical petrochemical complex.
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