Today, its founder Masayoshi Son got some good news with SoftBank shares on the rebound. The surge lifted Son’s net worth by $1.2 billion to $21.6 billion as of the market close on Friday in Japan. According to the report published Thursday, Elliott Management has met with SoftBank leadership and is urging a $10 billion to $20 billion buyback of shares. Prior to the uptick on Friday, SoftBank shares had declined nearly 15% over the past six months. Michael Ronen, a managing director for SoftBank’s $100 billion Vision Fund, told the Financial Times on February 4 that he is planning to leave.

Source: Forbes February 07, 2020 19:07 UTC