How does Masa Son view the relationship with Saudi Arabia in terms of investment?
SoftBank IPO Said to Seek $18 Billion for Mobile Unit
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SoftBank plans to raise 3 trillion yen through an IPO, with 2 trillion yen allocated to retail investors, indicating strong demand. The spinoff of its mobile unit allows CEO Massa Son to focus on tech investments, particularly in AI. Despite controversy over ties with Saudi Arabia, SoftBank emphasizes the importance of Saudi investments for economic diversification. Plans to cut workforce through automation are part of SoftBank's transformation. The future focus is on AI and tech, with challenges in finding large investments outside Saudi Arabia.
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What significant changes is Masa Son planning for the mobile unit of SoftBank?
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