Reuters logo
Softbank, Foxconn agree to set up joint investment company
February 24, 2017 / 10:41 AM / 7 months ago

Softbank, Foxconn agree to set up joint investment company

TOKYO, Feb 24 (Reuters) - Japan’s Softbank Group said on Friday it had reached an agreement with Foxconn Technology Group to set up a joint investment company which would be led by the Taiwanese firm.

Softbank said Foxconn, which is owned by Hon Hai Precision Industry Co, would invest $600 million in the joint venture. The nature of the planned investments was not immediately clear. (Reporting by Naomi Tajitsu; editing by David Clarke)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below