SoftBank swings back to investment gain at Vision Fund, announces up to $3.4 billion share buyback

Workers on the stage as they prepare for a SoftBank Group Corp. news conference in Tokyo, Japan, on Thursday, June 27, 2024. SoftBank Group booked a 1.9 billion yen ( $12.9 million) investment gain on its Vision Fund tech investment arm in the company's fiscal first quarter ended in June, swinging back into the black. The Japanese giant also announced it would buy back up to 6.8% of shares available in the company amounting to up to 500 billion yen ($ 3.4 billion). In the year ago quarter, SoftBank posted 159 ...