SoftBank founder Masayoshi Son is facing pressure to unveil a new stock buyback programme next week, as the Japanese technology group’s slumping share price has created “deep frustration” among shareholders, people with knowledge of the matter said.
The pressure underscores a view by some SoftBank investors including activist hedge fund Elliott Management, which has a large stake in the company, that the only short-term catalyst for its flagging share price is a capital return programme.
Such a position stands in contrast to Son’s continued focus on pouring billions of dollars into early-stage start-ups. This year he has committed to allocating a further $20bn to the existing $20bn in its second Vision Fund.
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