SoftBank’s Son wants to deploy cash on public and private firms

SoftBank Group Corp Chief Executive Masayoshi Son said on Tuesday he is sitting on about $80 billion in cash for investment opportunities and share buybacks, and vowed to stick with his famously big bets on technology companies.

The move into cash by selling some SoftBank investments is in part due to concern over the continued spread of the coronavirus globally, Son told the DealBook Online Summit hosted by the New York Times.