November 27, 2024

Cameron Payne with a deep 3 vs the LA Clippers

Cameron Payne #CameronPayne

Reuters

UPDATE 1-SoftBank CEO Son says share buybacks remain an option for firm

SoftBank Group Corp CEO Masayoshi Son said on Wednesday share buybacks remain an option for the conglomerate, amid a slide in its shares. “Buybacks are always on my mind as an important option but when and how big requires balanced thinking,” Son said at SoftBank’s annual shareholders’ meeting, adding that the group also needs to consider alternative uses of its capital. Shares in SoftBank, which completed a record 2.5 trillion yen ($22.6 billion) buyback programme in May, have fallen amid weakness in tech stocks.

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