SoftBank in talks to invest in Sharp but feasibility unclear, Kyodo reports

SoftBank's investment plan emerged amid its negotiations to acquire part of Sharp's Sakai plant to build an AI data centre, but the two companies are seen disagreeing over the terms, Kyodo said.

Reuters

August 22, 2024 / 17:41 IST

Feasibility of the deal remains unclear

Japanese telecom company SoftBank Corp is in talks to invest about 100 billion yen ($684 million) in electronics maker Sharp Corp, but the feasibility of the deal remains unclear, Kyodo news agency reported on Thursday.

SoftBank's investment plan emerged amid its negotiations to acquire part of Sharp's Sakai plant to build an AI data centre, but the two companies are seen disagreeing over the terms, Kyodo said.

Reuters

first published: Aug 22, 2024 05:41 pm

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