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Arm’s gains are SoftBank’s gains
Arm had an exceptionally strong quarter -- which is very welcome news for Softbank and its Vision Fund.
Not so long ago, things were looking bleak for SoftBank, the investment holding company headed by eclectic — and controversial — tech mogul Masayoshi Son. All this is music to SoftBank’s ears, I’d guess — particularly at a time when tempestuous U.S.-China relations have put a damper on the holding company’s investments in key Asian economies. Buoyed by Arm, SoftBank’s Vision Fund this afternoon posted its first quarterly profit after four straight losses and its biggest gain in nearly three years: $4 billion.
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