Wednesday, 8 August 2018

SoftBank Profits from Flipkart

SoftBank's sale of its 20% stake in Flipkart to Walmart has boosted profits by $2.2bn, for the quarter ended June 30, 2018. This is a feather in the cap of SoftBank's $100bn Vision Fund. SoftBank expects to pay a deferred tax of $645K on the gain.

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