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SoftBank to Invest $2.25B Into Cruise, GM's Self-Driving Car Unit
Thursday, May 31, 2018, 6 Years Ago via in Business
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Japan's SoftBank plans to invest $2.25 billion into GM's self-driving car unit Cruise to help bring fleets of autonomous vehicles to market faster. Softbank's investment, made from its Vision Fund, will give the company (SFTBY, -0.97%) a 19.6% stake in Cruise, which has been operating as a separate unit from GM.

GM (GM, +12.87%) said Thursday it will also invest $1.1 billion into GM's Cruise upon closing of the transaction.
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