SoftBank Group Corp. said profit collapsed in the last three months of 2019, as the Japanese technology giant—under pressure from a major activist investor—floated the possibility of paring back its ambitions for a planned sequel to the $100 billion Vision Fund. The company on Wednesday said operating profit fell 99% to ¥2.6 billion ($23.6 million) for the quarter ended Dec. 31 versus the previous year. The sharp drop was largely attributed to continued weakness of the Vision Fund, which was hit by a fall in the share price...

Source: Wall Street Journal February 12, 2020 14:25 UTC