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SVB Blowout May Drive SoftBank Shares Below Son’s Pain Point, Trigger Buyback

  • ‘Things will get worse,’ Commons Asset Management’s Ii says
  • Son tends to unveil buybacks around 4,800 yen: Asymmetric
Bloomberg business news
Softbank’s Startup Financing in Focus Amid SVB Turmoil
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The sudden collapse of Silicon Valley Bank looks set to increase scrutiny of SoftBank Group Corp. investments, and possibly drive its share price to Masayoshi Son’s pain point.

The US tech lender’s failure has fueled investor concern over the exposure to startup firms in the SoftBank Vision Funds. SoftBank shares have plunged 13% in four sessions to below 5,000 yen and are nearing a level that some see as Son’s threshold for announcing a buyback.