$100 BILLION TECHNOLOGY-INVESTMENT FUND. SOFTBANK’S SON TO MEET SAUDI KING SALMAN IN TOKYO

Saudi Arabia and SoftBank agreed in October to pursue the SoftBank Vision Fund, which would be one of the world's largest private-equity investors and a potential kingpin in the industry

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Saudi King Salman bin Abdulaziz Al-Saud and Japan's Prime Minister Shinzo Abe (L) review an honor guard before their meeting at Abe's official residence in Tokyo, Japan, March 13, 2017. REUTERS/Toru Hanai

SoftBank Group Corp Chairman Masayoshi Son will meet Saudi King Salman on Tuesday in Tokyo, a person briefed on the matter said, as the kingdom and the Japanese tech and investment firm proceed with plans to create a $100 billion technology-investment fund.

FILE PHOTO: SoftBank Group Corp Chairman and CEO Masayoshi Son attends a news conference in Tokyo, Japan, February 8, 2017. REUTERS/Toru Hanai/File Photo

The source did not have further details on the meeting between the billionaire entrepreneur investor and the king, who is on a state visit to Japan this week.

The Saudi embassy did not immediately respond to a telephone request for comment.

Saudi Arabia and SoftBank agreed in October to pursue the SoftBank Vision Fund, which would be one of the world’s largest private-equity investors and a potential kingpin in the industry.

Reporting by Yoshiyasu Shida; Writing by William Mallard; Editing by Chang-Ran Kim

REUTERS