Son unveiled SoftBank’s biggest-ever buyback as he tries to close the gap between what he thinks the company is worth and its market value. “This latest buyback changes the equation and puts a floor under SoftBank stock,” Atul Goyal, an analyst at Jefferies Group, wrote in a report. Son spent much of his post-earnings presentation Wednesday explaining that SoftBank’s holdings are worth 21 trillion yen net of debt, while the market value is 9 trillion yen.
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