SoftBank posts record $13 billion operating loss as tech bets slide
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TOKYO (Reuters) - SoftBank Group Corp on Monday reported a record 1.4 trillion yen (10.81 billion pounds) operating loss in the April-March financial year as the value of its tech bets via the $100 billion Vision Fund crumbled.The tech and telecoms conglomerate's disastrous result, caused by a 1.9 trillion loss at the Saudi Arabian-backed fund, compared with a group operating profit of 2 trillion yen in the same period a year earlier. The fund's $75 billion investment in 88 startups was worth..