SoftBank unveils $5.5b stock buyback, profit in Q3 surges 60%

SoftBank unveils $5.5b stock buyback, profit in Q3 surges 60%

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during a news conference in Tokyo, Japan, on Monday, Aug. 6, 2018. Photographer: Kiyoshi Ota/Bloomberg

Japan’s SoftBank Group Corp announced a $5.5 billion share buyback on Wednesday as it reported a 60 percent rise in quarterly operating profit buoyed by rising valuations for its technology investments.

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