SoftBank Group buybacks paused in August, so did its stock rally

It blamed "nonpublic facts" around insider trading for the inaction, a likely allusion to its mega-deal to sell its Arm chip division for $40 billion to Nvidia, announced Monday

SoftBank Group suspended its multi-billion dollar buyback programme in August, bringing to a halt the significant share price gains that Masayoshi Son’s conglomerate has largely enjoyed since the plan and asset sales were announced earlier this year.
 
In a filing to the stock exchange Tuesday, SoftBank said it hadn’t bought back stock between August 4 and the end of that month, after previously announcing it had acquired shares on August 3. It blamed “nonpublic facts” around insider trading for the inaction, a likely allusion to its mega-deal to sell its Arm chip division for $40 billion to Nvidia, announced