TOKYO -- SoftBank Group's second-in-command said Wednesday he will spend roughly 60 billion yen ($478 million) out of pocket to buy his own company's stock.
The purchase by President Nikesh Arora translates to roughly 0.7% of SoftBank shares in circulation based on the current stock price. CEO Masayoshi Son lured Arora from Google last year and made him president this June. The large stock purchase signals Arora's intent to run the Japanese Internet and telecommunications company for the long term.
By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our
to learn how you can update your cookie settings.