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SoftBank Has $80 Billion in Cash, Says CEO

By
Martin Peers
· · Source: Bloomberg

SoftBank CEO Masayoshi Son said he has $80 billion in cash for investments and stock buybacks, Bloomberg reported. Son’s comments came during the New York Times Dealbook conference. Son said that if SoftBank shares drop, he would buy back more aggressively. SoftBank in recent months has sold off some assets to shore up its balance sheet after the stock market plunge triggered by the...

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Former Apple design chief Jony Ive and OpenAI CEO Sam Altman. Photos by Getty.
Exclusive
Designer Jony Ive and OpenAI’s Sam Altman Discuss AI Hardware Project
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From left to right: Blair Effron, Robert Pruzan and David Handler. Photos by Getty; Tidal Partners.
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