TOKYO -- SoftBank Group's alliance with Saudi Arabia on a new technology investment vehicle will fortify CEO Masayoshi Son's war chest with oil money as he strives to carve out a dominant position in the burgeoning "internet of things" industry.
The Japanese tech giant aims to grow the SoftBank Vision Fund to $100 billion but plans to contribute at least $25 billion over five years, or an average of $5 billion a year -- not much more than it usually spends on such investment.
