Deals
SoftBank CEO Faces Tougher Questions in U.S. After Market Plunge
- SoftBank’s founder plans to pitch investors in New York
- Moves by activist investor Elliott a focus at Goldman event
Masayoshi Son speaks during a news conference in Tokyo on Feb. 12, 2020.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Masayoshi Son’s pitch to U.S. hedge funds and financial institutions on the merits of SoftBank Group Corp. just got harder, with a record market plunge that has made investors skittish and raised risks for its portfolio companies.
The Japanese billionaire will be in New York for the first such meeting since the implosion of WeWork. In the months since, Paul Singer’s Elliott Management Corp. took a stake in SoftBank, arguing the Japanese company’s shares are undervalued compared with its assets.