SoftBank Soars with $2.87 Billion Profit, Vision Fund Gains Fuel Success
Summary
SoftBank Group soars with a remarkable $2.87 billion profit in the first quarter, fueled by substantial gains from its Vision Fund investments, while its Stargate data center project faces a slight delay and it raises $7.8 billion from offloading T-Mobile shares.
Key Points
- SoftBank Group reports $2.87 billion profit in first quarter driven by gains in Vision Fund portfolio
- Stargate data centre project rollout slightly delayed due to longer negotiations and site selection
- SoftBank raises $7.8 billion from sale of T-Mobile shares