SoftBank Heads for Record Loss; Jack Ma Leaves Board

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  • May.17 — SoftBank Group Corp. doubled the amount it plans to spend buying back shares and announced changes to its board, including the resignation of long-time director Jack Ma. The company expects to book a record 1.35 trillion yen operating loss for the year ended March 31 when it reports financial results Monday afternoon in Tokyo after its portfolio of startup investments lost value. Stephen Engle reports on “Bloomberg Daybreak: Asia.”

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