SoftBank’s profit jumps as it eyes more investments in U.S. tech
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One of the big names in corporate earnings news today was SoftBank, which reported that its quarterly profit rose 50 percent from a year ago. If you’ve never heard of the Japanese conglomerate, you probably have heard of Sprint. SoftBank bought a majority stake in the U.S. wireless carrier four years ago for 22 billion dollars. And that’s not where SoftBank’s U.S. ambitions stop.
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