SoftBank swings to profit lifted by T-Mobile windfall
[ad_1] SoftBank Group swung to its first profit after four straight quarters of losses, backed by a rebound in the value of Vision Fund’s public holdings and a windfall from T-Mobile U.S. shares.The Tokyo-based technology investor reported a net income of ¥950 billion ($6.4 billion) for the December quarter, reversing a ¥783 billion loss for the same period a year ago. It’s the Japanese company’s first profit since September 2022, […]