SoftBank Group founder Masayoshi Son, famous for his early investment in China’s top e-commerce company, also had the chance to own a big stake in Amazon.com — but he missed out over $30 million.
Son, speaking at the Milken Institute conference in Tokyo, said he was close to striking a deal to acquire 30 per cent of the US e-commerce pioneer with Chief Executive Officer Jeff Bezos in its early years. Son offered $100 million, but Bezos insisted on $130 million. It’s not that Son thought the stock wasn’t worth it; he just didn’t have the money.
“We were laughing about it