home Latest News Despite Jamal Khashoggi's murder, Saudi Arabia is unlikely to lose U.S. investments – Axios

Despite Jamal Khashoggi's murder, Saudi Arabia is unlikely to lose U.S. investments – Axios

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Let’s call it: Neither SoftBank nor Saudi Arabia will face any significant U.S. investment losses over the murder of journalist Jamal Khashoggi.

Driving the news: Axios has learned from multiple sources that San Francisco-based freight logistics startup Flexport is in talks to raise around $500 million in a SoftBank-led deal. One source puts the pre-money price talk at around $3 billion, which could mean the final investment is smaller if either side becomes concerned about CFIUS approvals (which I’d think they would).

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  • Last week, Silicon Valley-based robotic delivery vehicle-maker Nuro raised $940 million from SoftBank Vision Fund.
  • The Saudi sovereign wealth fund is now so confident that it’s planning to open investment offices in U.S. cities like New York and San Francisco.

Between the lines: Just to make it crystal clear, Colony Capital CEO Tom Barrack yesterday joked about the murder from a conference stage in Dubai, arguing that U.S. concerns were a “misunderstanding” about the rule of law in Saudi Arabia. Unclear if Barrack realizes that Khashoggi was killed in Turkey.

Flashback … The companies who have backed away from Saudi business over Khashoggi