Japanese Billionaire Masayoshi Son
JAPANESE BILLIONAIRE MASAYOSHI SON HAS SAID HE WANTS TO BE THE WARREN BUFFETT OF TECH.
(CNN) – Japanese billionaire Masayoshi son has said he wants to be the Warren Buffett of tech.
Now, he’s going after the legendary investor on his home turf.
Softbank (SFTBF), the deal-happy tech company founded by “Masa” son, is negotiating for a minority stake in European reinsurance provider Swiss RE.
The talks are still in a “very early stage” and could still fall apart, Swiss RE said.
The prospect of Softbank getting into the insurance business has added fuel to comparisons between son and Berkshire Hathaway (BRKA) boss Buffett, both investors make bold deals, and both look long term.