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SoftBank's finances fine despite huge ARM price tag -- Son

SoftBank's chief executive Masayoshi Son explains first quarter earnings result in Tokyo on July 28.

TOKYO -- SoftBank Group's finances are in fine shape despite the company's decision to shell out $31 billion to buy U.K. chip designer ARM Holdings, CEO Masayoshi Son said Thursday.

He made the comments at a press conference after the Japanese internet and telecommunications conglomerate released its first earnings report since announcing the takeover -- the biggest in Japanese history -- earlier this month.

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