Forget Retirement. SoftBank CEO Aims to Be $100 Billion Tech Investor
- Japan’s telecom giant to create $100 billion fund with Saudis
- The deal follows SoftBank’s $32 billion acquisition of ARM
Masayoshi Son.
Photographer: Akio Kon/BloombergThis article is for subscribers only.
It turns out Masayoshi Son isn’t ready to retire after all.
Just a year ago, SoftBank Group Corp.’s founder looked poised to fulfill his long-stated plan of stepping aside in his 60’s. He had a global telecom empire, track record of spectacularly successful investments and a bright young successor. Instead, the 59-year-old edged aside his heir apparent, cut the biggest deal of his career yet and revealed on Friday his ambition to become one of the world’s most powerful investors.