The deal which is called as “personal bet” will rank as one of the biggest purchases of employer stock by a professional manager.
Nikesh, who is also Google’s former chief business officer, has shown tremendous confidence in Softbank with this instinct. He said, “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 SoftBank group and the long-term objectives we have set out. I intend to work closely with Masayoshi Son to make the vision a reality.”
Under Arora’s leadership Softbank has emerged as one of the biggest investors in Indian startup landscape. This multinational telecommunications and internet corporation has invested above $1 Bn in startups like Snapdeal, Housing.com, Ola and OYO Rooms.
According to ET, Masayoshi Son said, “Nikesh’s and my vision are aligned. I am delighted that he has shown confidence in the company by doubling down on his partnership. Besides, a great business leader and complement to me, he is a good person at heart.”
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