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SoftBank returns to profit
SoftBank Reports Major Profit Surge with Vision Fund’s Rebound
SoftBank’s Vision Fund division reported significant gains of 608.5 billion yen ($3.96 billion) in its fiscal second quarter, as the Japanese conglomerate experienced a sharp rise in returns on its tech investments following a shift to profitability in June.
SoftBank Vision Fund posts $3.96 billion quarterly gain: what drove the surge?
SoftBank Group recorded a 608.5 billion yen gain in its Vision Fund for Q2, driven by Arm IPO success and rising tech valuations, despite Vision Fund 2 losses.
SoftBank returns to profit as Indian IPOs boost Vision Fund gains
Masayoshi Son’s SoftBank Group swung to a ¥1.2tn ($7.8bn) profit in its latest quarter, driven by a string of successful initial public offerings in India and better tech valuations. The company’s results easily beat analysts’ forecasts for a profit of just ¥286.
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2d
SoftBank Vision Fund Sees Strong Gains After Profit Rebound, Boosted by Vision Fund 1 Investments
SoftBank
Group achieved strong quarterly gains in its
Vision
Fund
, primarily from increased valuations in
Vision
...
2d
Rajeev Misra formally leaves SoftBank's Vision Fund, Alex Clavel to be sole CEO
Misra stepped back from a central role in Vision Fund 2 two years ago but continued overseeing the original portfolio.
NBC Chicago
3d
SoftBank posts blowout quarterly gains at Vision Fund tech arm
Japanese giant
SoftBank
logged a steep quarterly increase in gains at ... as well as the value increase of its investments ...
The Star
14d
SoftBank to buy Vision Fund’s 25% stake in Arm
Yet its previous losses prevented
SoftBank
from securing outside investors for
Vision
Fund
2
(VF2), whose US$56bil in capital came from the Japanese firm and its management, including chief ...
Your Story
2d
Cash-rich SoftBank eyes more AI bets for strategic growth
With a stabilised cash position of over 4 trillion yen, or approximately $26 billion, SoftBank is primed for further ...
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