Without Saudi support, SoftBank opts to back WeWork directly

Massive infusion casts cloud over Vision Fund 2 aspirations

20191017N masayoshi son saudi seating

Saudi Crown Prince Mohammed bin Salman, left, and SoftBank chief Masayoshi Son are seen together in Riyadh, Saudi Arabia. The Saudis are said to be reluctant to invest in WeWork. © Reuters

TAKAFUMI HOTTA, Nikkei staff writer

TOKYO -- SoftBank Group's plan to provide financing for the parent of office-sharing startup WeWork on its own signals a lack of support among Saudi backers of its $100 billion Vision Fund.

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