SoftBank’s Son wants to deploy cash on public and private firms

The Business Times | Nov 18, 2020 at 1:00 AM
  • SoftBank Group chief executive Masayoshi Son said on Tuesday he is sitting on about US$80 billion in cash for investment opportunities and share buybacks, and vowed to stick with his famously big bets on technology companies.
  • SoftBank has set a US$41 billion share buyback and debt reduction plan.
  • Mr Son, who made his name for investing early in startups such as China’s Alibaba Group as well as office-sharing firm WeWork, said he will continue to take stakes in public companies he thinks are frontrunners in the AI race, including Apple, Amazon, Google and Facebook.