ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
SoftBank

SoftBank aims to raise up to $630m with two new SPACs

Artificial intelligence-related companies to be targets for acquisition

SoftBank Group's investment unit has announced plans to establish two new special purpose acquisition companies and raise up to $630 million..   © Reuters

TOKYO -- SoftBank Group's investment unit has announced plans to establish two new special purpose acquisition companies and raise up to $630 million.

In the U.S., SPACs are being increasingly listed for the purpose of acquiring other companies. With high demand from investors, SoftBank will raise additional capital by establishing the two SPACs.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more