Nikesh Arora, who will be the next CEO of Softbank has bought $483mn of Softbank stock as his ‘personal bet’.
“My past year with the SoftBank Group has been very rewarding. As a measure of my commitment, I have decided to take a personal bet on the SoftBank Group and ensure an alignment of vision, with our founder and Chairman & CEO Masayoshi Son. This is a large transaction for me, and involves taking an enormous risk in my life once again. However, I am extremely confident about the future of the SoftBank Group and the long-term objectives that we have set out. I intend to work closely with Mr. Son to make the vision a reality.”
Nikesh Arora joined Softbank in Sep 2014 and has led several investments in India.