Oct 30, 2017 - 7 min
How the Japanese billionaire was forced to take drastic action to shore up confidence in his tech empire. "The value of SoftBank’s Tokyo-traded shares had fallen to $51bn (¥5.6tn), a 70 per cent discount to its asset value. The group’s market capitalisation was less than that of SoftBank Corp, the listed Japanese telecoms group in which it has a two-thirds stake." Kana Inagaki, Leo Lewis and Arash Massoudi, writing in the Financial Times, explain.