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SoftBank's profit drop amid WeWork worries, Sprint approval

Updated : February 12, 2020 09:28 PM IST

Tokyo-based SoftBank said Wednesday its profit for the October-December quarter stood at 55 billion yen ($500 million), down to less than a tenth of the 698 billion it earned over the three months in 2018.
Among SoftBank's sprawling businesses are ride-sharing Uber and the talking Pepper humanoid.
SoftBank has powerful companies under its wing, including Alibaba, Chinese e-commerce, retail and net conglomerate, Yahoo! Japan and the British IOT company Arm.

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