Manufacturing giant Foxconn is taking over SoftBank’s investment fund in Asia

 Foxconn is taking over SoftBank’s Asia-based tech investment fund. The manufacturing giant, which is responsible for producing Apple’s iPhone among many other tech products, has agreed to buy a majority 54.5 percent stake in SoftBank Asia Capital in exchange for $600 million, according to a filing. The deal is scheduled to go through March 1, after which time SoftBank Asia… Read More

from https://techcrunch.com/2017/02/26/foxconn-softbank-capital-asia/?ncid=rss