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Defying critics, SoftBank soars on buybacks, better market conditions
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SoftBank founder Masayoshi Son's net worth has also grown to US$20 billion (S$28 billion).
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TOKYO • SoftBank founder Masayoshi Son has delivered a clear response to critics who thought the twin disasters of WeWork and the coronavirus would bring down his empire: Not just yet.
The Japanese technology giant's shares have more than doubled from their March low, propelled by buybacks and improving market conditions for its portfolio companies. They gained another 3.6 per cent yesterday after the report was published.
