May 10, 2017

SoftBank said close to finalizing $95 billion tech fund

SoftBank Group Corp. is close to announcing commitments of as much as $95 billion (¥10.8 trillion) for its technology fund, people familiar with the matter said. The fundraising close will be announced as soon as next week, said the people, asking not to be ...

Mar 15, 2017

SoftBank's Son promises to help Saudi economy via investment

SoftBank Group Corp. Chairman Masayoshi Son promised Saudi King Salman bin Abdul-Aziz al-Saud Salman that the telecom conglomerate will help Saudi Arabia prosper through investment. Speaking to reporters after their meeting in Tokyo on Tuesday, Son quoted the king as telling him he was ...

/ Feb 8, 2017

SoftBank doubles group net profit in April-December

SoftBank Group Corp. said Wednesday its group net profit roughly doubled in the April-September period from a year earlier to ¥857.43 billion ($7.64 billion), helped by solid telecommunications business and improving profitability at its U.S. subsidiary Sprint Corp. Operating profit in the nine months ...