SoftBank Reports Rise in Operating Profit on Rising Valuations of Its Investments

SoftBank Reports Rise in Operating Profit on Rising Valuations of Its Investments

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Japan’s SoftBank Group Corp announced a $5.5 billion (roughly Rs. 3,900 crores) share buyback on Wednesday as it reported a 60 percent rise in quarterly operating profit buoyed by rising valuations for its technology investments. SoftBank Group said it would repurchase 112 million shares worth JPY 600 billion ($5.5 billion) in the next 11 months, or
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