SoftBank successor will buy US$483 mil. worth of Japan company’s shares
The successor-in-waiting at SoftBank said Wednesday he would buy a whopping US$483 million in company shares, after his move to the Japanese mobile carrier from Google.
Nikesh Arora, who left a high-profile post at the Internet search giant last year, said he would buy 60 billion yen (US$483 million) worth of SoftBank stock over the next six months.
He was named president and chief operating officer in June as a potential successor to chief executive Masayoshi Son, who led the firm’s US$21.6 billion takeover of U.S. mobile giant Sprint in 2013.