SoftBank changes tack in India as bets on Snapdeal, Grofers, Housing go sour

SoftBank changes tack in India as bets on Snapdeal, Grofers, Housing go sour

Softbank Corp CEO Masayoshi Son speaks during a news conference in Tokyo February 12, 2014. SoftBank Corp, which runs Japan's third-largest mobile carrier by subscriber numbers, reported a dip in third-quarter net profit after a string of acquisitions incurred steep integration costs. REUTERS/Yuya Shino

After some of its expensive initial bets in India soured, Japan’s SoftBank Group Corp. is making another attempt at finding attractive investments in India’s internet business by selling its also-ran portfolio companies to bigger rivals, some of which it turned down in the past.

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