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JANUARY
SoftBank chief executive Masayoshi Son declares 2019 the “Year of the fee” and invites banks to an everlasting pitch.
“Our goal is to be the number-one fee payer to banks in the world and also the universe,” says Son. “We have at least $1 billion to hand out this year – let’s call it $5 billion – and the Japan telecom IPO is just the start. Uber is up next, then WeWork, which by our own internal robot valuation is now worth at least $50 billion, or maybe $500 billion.
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