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SoftBank reports $11B profit in record comeback
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SoftBank Group Corp on Monday recorded an 844 billion yen ($8 billion) profit at its Vision Fund unit in the three months to Dec. 31 versus a loss a year ago as it gained from investments in Uber Technologies and other companies.
The earnings mark a sea change from a year earlier when high profile misses such as the flopped IPO of office sharing firm WeWork and the Covid-19 pandemic forced CEO Masayoshi Son to sell down assets to stabilize his investing empire.
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