- 25th March 2019
- Posted by: Bigwig Fx
- Category: Business plans, Economics, International
Softbank’s founder Masayoshi Son missed out on a big Amazon stake that would be worth about $260 billion today.
Here’s what happened: Son had the chance to own a stake in Amazon.com Inc. but there was a problem.
He was close to striking the deal to acquire 30% of the e-commerce pioneer with Jeff Bezos in its early years. Son offered $100 million but Bezos insisted on $130 million .
The Problem: Son just didn’t have enough cash.