SoftBank in talks to invest $684m in Sharp but feasibility unclear: report

SoftBank in talks to invest $684m in Sharp but feasibility unclear: report

A man walks past display showing a logo of Sharp Corp in Tokyo, Japan, October 30, 2015. REUTERS/Toru Hanai

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

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