Soft­Bank suc­ces­sor will buy US$483 mil. worth of Ja­pan com­pany’s shares

The China Post - - WORLD BUSINESS -

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.

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