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Business deals

Saudis change from patron to liability for Softbank's ambitions

Vision Fund secures $9bn credit line from Japanese and international banks

SoftBank Group CEO Masayoshi Son, right, and Saudi King Salman meet in Saudi Arabia in March 2017.   © Kyodo

TOKYO -- Growing suspicion of Saudi Arabia regarding the disappearance of a dissident journalist has cast a shadow over Japanese tech investor Masayoshi Son's global investment strategy, which rests on the Saudi-backed SoftBank Vision Fund.

"We are anxiously looking at what is happening," Chief Operating Officer Marcelo Claure told reporters in the U.S. on Tuesday. "I think it's too early," he said on whether the company should change course.

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