SoftBank proposes $684M investment in Sharp, deal remains unclear - report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 22 2024
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Should l Buy ?
Source: SeekingAlpha
SoftBank's Investment Plans: SoftBank is considering investing approximately ¥100 billion ($684 million) in Sharp, with negotiations ongoing regarding the investment amount and acquisition price for part of Sharp's Sakai plant intended for an AI data center.
Challenges in Negotiations: The discussions between SoftBank and Sharp are reportedly difficult, with uncertainty about the outcome, as SoftBank's president indicated they might abandon the acquisition negotiations due to disagreements.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
