Japan's SoftBank Corp will invest US$60 million for a 23per cent stake in the digital analytics and artificial intelligence arm of Malaysian telecoms firm Axiata Group Bhd, said two sources familiar with the matter.
FILE PHOTO: SoftBank Corp's logo is pictured at a news conference in Tokyo, Japan, February 4, 2021. REUTERS/Kim Kyung-HoonKUALA LUMPUR: Japan's SoftBank Corp will invest US$60 million for a 23per cent stake in the digital analytics and artificial intelligence arm of Malaysian telecoms firm Axiata Group Bhd, said two sources familiar with the matter.
The acquisition values the subsidiary, ADA, at about US$260 million, the sources said, declining to be named as the announcement is not yet public.Source: Reuters
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