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SoftBank Likely to Suffer Big Quarterly Loss From Stakes in Tech Firms

By
Juro Osawa
· · Source: Bloomberg

SoftBank is set to report hefty losses for the quarter through March due to the sharp declines in the values of tech companies in its vast portfolio, according to Bloomberg, Reuters and The Wall Street Journal. SoftBank will release its quarterly results Thursday. The global stock market turmoil has dealt a severe blow to the world’s largest tech investment firm. SoftBank’s Vision Fund, for...

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