SoftBank Group's aggressive investment spree could come to an end after its president announced his resignation on Tuesday, according to a fund manager.
In a surprise move, SoftBank said president Nikesh Arora was resigning. The company said Arora, a former Google executive, and chairman and chief executive Masayoshi Son had disagreed over when Arora would replace Son as head of the group.
The departure of Arora, who spearheaded Softbank's investments into companies including e-commerce platform Snapdeal and taxi-hailing app Ola Cabs, could affect the kind of companies SoftBank might invest in next, Joshua Spencer, a portfolio manager at T. Rowe Price, told CNBC's "Squawk Box" on Wednesday.
"[Son] may feel his legacy revolves around fixing Sprint," said Spencer. "It's been a big, challenging investment for SoftBank and I think he really wants to make sure his legacy is secure and Sprint is on the right track." SoftBank completed its acquisition of a majority stake in the U.S. wireless carrier Sprint in 2013.