- Reuters•22 minutes ago
Japan's SoftBank Group Corp (9984.T) on Thursday flagged a sharp recovery for struggling U.S. unit Sprint (S.N) and was bullish about long-term prospects for soon-to-be-acquired UK chip designer ARM (ARM.L). The telecoms and internet conglomerate unveiled plans this month to purchase ARM for $32 billion in cash, one of CEO Masayoshi Son's boldest bets yet, as he seeks to be at the forefront of the next wave of digital innovation. "I'm telling ARM management - let's increase the number of engineers, boost R&D spending and make investments proactively," Son told a briefing on SoftBank's first-quarter earnings where it reported flat profits.
|52wk Range||18.33 - 31.45|
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