According to information from the portal The Information, obtained from informed sources, executives of SoftBank Group informed banks last week that Masayoshi Son, head of the Vision Fund and president of the company, plans to step down from the position of head of the fund in the coming months.
This news has caused considerable waves in the technology and investment industry, since Son is considered a key figure in the world of tech startups and venture capital. According to sources, the decision regarding his departure is linked to recent financial setbacks of the Vision Fund, which invested billions of dollars in various startups, including Uber and WeWork, and suffered significant losses.
Official representatives of the company are currently refusing to comment on this information, but sources assert that Son may remain at SoftBank in another role or become an advisor on strategic issues. This decision could entail changes in the investment strategy and operations of the Vision Fund, led by Son.
It is worth noting that Masayoshi Son founded SoftBank Group in 1981 and has since turned the company into one of the leading players in the field of technology and investment. His departure from the position of head of the Vision Fund would be a significant event for the entire industry and could influence the future development of many technology companies.
