Tech magnate Masayoshi Son often befuddles people in his industry with the large sums he is willing to pay for stakes in companies.
That includes his directors.
Shigenobu Nagamori says he objected when Mr. Son, chief executive of SoftBank Group Corp., told his board in 2016 he wanted to pay $32 billion for Arm Holdings PLC. The U.K. chip-design...
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