Economy · World
SoftBank-backed companies see varied market movements
SoftBank-backed companies experienced mixed market performance. SoftBank itself saw its stock rise 1% on the Nikkei index, rebounding from a selloff related to artificial intelligence. In a separate development, Grab is reportedly in talks to acquire a majority stake in SoftBank-backed Atome for approximately $1.5 billion. Meanwhile, SoftBank-backed SB Energy is planning to raise $500 million from Japan for a U.S. initial public offering, with proceeds intended for infrastructure development including data centers and power plants.
How outlets across the spectrum covered it
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- Centre (3): The Economic Times, The Japan Times, The Wall Street Journal