Softbank will invest $1.1 billion in GM Cruise Holdings, adding more financial muscle to General Motors’ plan to ready autonomous-driving technology for commercial implementation in 2019. The US automaker is also committing an additional $2.25 billion of its own funds to Cruise. GM said SoftBank, a Japanese technology and communications group that invests in new technologies, Read More..
The announcement follows news last week that Deutsche Telekom intended to buy MetroPCS, another US wireless communications group. Both moves underscore the continuing transformation of the US wireless market. SoftBank, a Japanese telecommunications group, said it would pay 12.1 billion dlrs to Sprint shareholders and make available 8.0 billion dlrs of new capital to strengthen Read More..