SoftBank Group unveils $5.5 billion stock buyback

SoftBank Group unveils $5.5 billion stock buyback

Japan’s SoftBank Group Corp announced a $5.5 billion share buyback on Wednesday. CEO Masayoshi Son said the buyback was driven by what he sees as a chronic undervaluation of SoftBank’s shares. SoftBank Group’s operating profit in the October-December quarter rose to 438.3 billion yen ($3.99 billion) from 274 billion yen a year earlier.

Simone
Simone
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