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