Tech investor SoftBank buys back $3.4 billion shares to bolster stock price
Technology investor SoftBank Group said on Wednesday it plans to buy back a hefty $3.4 billion in shares, answering in part calls from Elliott Management and other investors to bolster its stock price.
Masayoshi Son’s globe-spanning tech giant has been under pressure to buy back shares given that its market capitalisation trades at a large discount to the combined value of its assets.
