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SoftBank’s Q1 profit grows 49 percent as it monetizes investments


(Reuters) — Japan’s SoftBank Group on Monday reported a 49 percent rise in first-quarter operating profit, boosted by the sale of its stake in Indian e-commerce firm Flipkart – the first public divestment by its Vision Fund. The sale of the stakes are early signs that SoftBank is able to monetize its investments – a key concern fo…Read More

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