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SoftBank Climbs After Arora’s $483 Million ‘Bet’ on Shares

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SoftBank Group gained on President Nikesh Arora’s plan to buy about 60 billion yen ($483 million) of the company’s shares, saying he wants to make a “personal bet” as a measure of his commitment.

The shares climbed 2.2 percent to 7,642 yen as of the close in Tokyo trading Thursday.