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Business

Arora's departure shakes SoftBank's global strategy

Nikesh Arora, former SoftBank Group president

MUMBAI/TOKYO -- SoftBank Group heir apparent Nikesh Arora's sudden departure leaves the communications giant bereft of a strong leader in overseas investments, forcing Chairman Masayoshi Son to sail treacherous waters without a capable navigator.

The 48-year-old Google alumnus and venture investment whiz stepped down as the group's second-in-command Wednesday, less than two years after coming on board, as a result of 58-year-old Son's intent to remain in charge for some time to come.

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