SoftBank Invests in Intel – U.S. Government Considers Major Stake
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Billion-dollar investment from Japan On Monday evening, Intel announced a binding agreement with the Japanese SoftBank Group. The technology and investment firm is investing $2 billion in the form of approximately 87 million new Intel shares. The purchase price is set at $23 per share. With this transaction, SoftBank becomes Intel's sixth-largest investor, holding nearly 2% of the shares. The news caused significant movement in the stock market: While the stock was down by about % during regular trading, it turned around in after-hours trading,...
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