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SoftBank’s massive tech bet is controversial — but cheap

There are risks in SoftBank’s business model, but at its current valuation, the maths works in investors’ favour

Masayoshi Son, founder of SoftBank Group
Masayoshi Son, founder of SoftBank Group Photo: Livia Cives

SoftBank Group owns a dizzying array of assets, from Japan’s reigning baseball champions to a $116bn stake in Alibaba.

The company’s iconic leader likes to compare SoftBank’s portfolio to the stars in the Milky Way, saying they “will continue shining for 300 years”. He tells investors with all seriousness that he draws inspiration “from the way the bacterium has evolved since four billion years ago, when it is said to have originated as the source of organisms”.

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