SoftBank’s profit jumps as it eyes more investments in U.S. tech
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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