SoftBank's Masayoshi Son sees stake grow to 34% amid buyout rumors

Buybacks have concentrated more power in hands of billionaire founder

20221209N Masayoshi Son REUTERS

SoftBank Group Chairman and CEO Masayoshi Son now has the power to veto special shareholder resolutions. © Reuters

TAIZO WADA, Nikkei staff writer

TOKYO -- SoftBank Group Chairman and CEO Masayoshi Son now controls more than a third of the Japanese technology investment giant, recent disclosures show, after a spate of stock buybacks shrank the number of shares trading on the market.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.