SoftBank posts profit beat boosted by stakes in Intel and TikTok-owner ByteDance
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Source: CNBC
Published: 2026-08-06 16:55 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Economy & Finance, Financial Markets, Tax & Budget, Business & Economy
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Snippet:
SoftBank on Thursday reported profit for its fiscal first quarter that beat market expectations, driven by a huge gain on its stake in Intel, while a rise in ByteDance's value helped its Vision Fund division.
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