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SoftBank CEO cancels 'Davos in the Desert' talk

Softbank CEO Masayoshi Son is the latest executive to pull out of speaking at the Future Investment Initiative in Saudi Arabia, the Wall Street Journal has reported within the past hour.

A spokesperson for the conference said that Son may still attend the conference even if he is not speaking.

Saudi Arabia has invested around $45bn in Softbank's $100bn Vision Fund. Launched in May 2017, the fund has already made major investments in several Silicon Valley companies including Uber, Slack and WeWork.