Japan's SoftBank to sink $2.25B into GM autonomous car unit
https://phys.org/news/2018-05-japan-softbank-225b-gm-autonomous.html
The move widens the SoftBank Vision Fund's influence in ride-hailing services. The fund closed a deal in January to spend about $9 billion for a 15 percent stake in Uber and also owns a stake in China's top ride-hailing firm Didi Chuxing.
GM Cruise would remain a wholly owned subsidiary of GM with the automaker holding roughly 80 percent of the business.
Japan's SoftBank to sink $2.25B into GM autonomous car unit
May 31, 2018, 2:42pm UTC
https://phys.org/news/2018-05-japan-softbank-225b-gm-autonomous.html
> The move widens the SoftBank Vision Fund's influence in ride-hailing services. The fund closed a deal in January to spend about $9 billion for a 15 percent stake in Uber and also owns a stake in China's top ride-hailing firm Didi Chuxing.
> GM Cruise would remain a wholly owned subsidiary of GM with the automaker holding roughly 80 percent of the business.