CNBC Television published this video item, entitled “SoftBank reports $11B profit in record comeback” – below is their description.
SoftBank has turned an $11 billion profit, thanks to DoorDash. This comes after the failed WeWork investment. CNBC’s Deirdre Bosa reports. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
SoftBank Group Corp on Monday recorded an 844 billion yen ($8 billion) profit at its Vision Fund unit in the three months to Dec. 31 versus a loss a year ago as it gained from investments in Uber Technologies and other companies.
The earnings mark a sea change from a year earlier when high profile misses such as the flopped IPO of office sharing firm WeWork and the Covid-19 pandemic forced CEO Masayoshi Son to sell down assets to stabilize his investing empire.
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