{"id":842709,"date":"2024-08-08T10:41:52","date_gmt":"2024-08-08T05:11:52","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=842709"},"modified":"2024-08-08T10:51:28","modified_gmt":"2024-08-08T05:21:28","slug":"softbank-announces-major-share-buyback-narrows-losses","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/08\/softbank-announces-major-share-buyback-narrows-losses\/","title":{"rendered":"SoftBank announces major share buyback, narrows losses"},"content":{"rendered":"<p>TOKYO: Japanese investment giant SoftBank reported narrower first-quarter losses on Wednesday and announced a major share buyback to reassure investors and help finance a pivot into artificial intelligence.<\/p>\n<p>Hit by weakness in its Vision Fund investment vehicles and a weak yen, SoftBank posted a net loss of 174.3 billion yen ($1.2 billion) in April-June, a big improvement on the 477.6 billion yen loss seen a year earlier.<\/p>\n<p>Its announcement of a buyback worth up to 500 billion yen followed pressure from activist investor Elliott Investment Management, Bloomberg News reported.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TOKYO: Japanese investment giant SoftBank reported narrower first-quarter losses on Wednesday and announced a major share buyback to reassure investors and help finance a pivot into artificial intelligence. Hit by weakness in its Vision Fund investment vehicles and a weak yen, SoftBank posted a net loss of 174.3 billion yen ($1.2 billion) in April-June, a big improvement on the 477.6 billion yen loss seen a year earlier. Its announcement of a buyback worth up to 500 billion yen followed pressure from activist investor Elliott Investment Management, Bloomberg News reported.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[75,4,17],"tags":[],"class_list":["post-842709","post","type-post","status-publish","format-standard","hentry","category-it-2-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/842709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=842709"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/842709\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=842709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=842709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=842709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}