SoftBank Forecasts Record Losses as Startup Bets Backfire
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during a news conference in Tokyo, Japan. (Photographer: Kiyoshi Ota/Bloomberg)

SoftBank Forecasts Record Losses as Startup Bets Backfire

(Bloomberg) -- SoftBank Group Corp. forecast a record 1.35 trillion yen ($12.5 billion) operating loss for the fiscal year ended in March, a sign of how badly Masayoshi Son’s bets on technology sta...
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