The company plans to repurchase as much as 500 billion yen ($4.7 billion) worth of its own stock by March 2021 SoftBank Group Corp.
doubled the amount it plans to spend buying back shares and announced changes to its board, including the resignation of long-time director Jack Ma.
The company plans to repurchase as much as 500 billion yen ($4.7 billion) worth of its own stock by March 2021, it said in a statement.
That’s on top of an equally sized re-purchase it had announced in mid-March. The Tokyo-based company also announced several changes to its board, including the departure of Ma, the co-founder of Alibaba Group Holding Ltd.