Japan's SoftBank Group is expected to post a slide in profits for ...
) is expected to post a slide in profits for the past quarter, deepening concern about its ability to secure funding for a second Vision Fund and giving activist fund Elliott Management more fodder for a shake-up.
The emergence of Elliott, one of the world’s most powerful activist investors, as a prominent SoftBank shareholder is likely to highlight the Japanese conglomerate’s difficulties following its soured bet on office-sharing startup WeWork. The tech conglomerate, which reports on Wednesday, is expected to post a 20% fall in operating profit to 345 billion yen in the October-December quarter, according to the average forecast of three analyst estimates compiled by Refinitiv.
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