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Masayoshi Son’s SoftBank (OTCPK:SFTBY) plans to park about ¥100B yen (~$684M) in a Japanese electronics company — Sharp (OTCPK:SHCAY) (OTCPK:SHCAF), Kyodo News Japan reported on Thursday.
The negotiations between the two companies seem difficult, and it remains unclear whether it will come live.
This investment is closely linked to SoftBank’s (OTCPK:SFTBY) plans to acquire part of Sharp’s Sakai plant, intended for the construction of an AI data center.
SoftBank (OTCPK:SFTBY) President Junichi Miyakawa said, “We may give up (on the acquisition negotiations),” according to the report.
Both the companies seem to disagree on the investment amount and acquisition price. However, the investment will help Sharp (OTCPK:SHCAY) increase its capital.
In early June, Japanese telecom carrier – KDDI (OTCPK:KDDIY) (OTCPK:KDDIF) also said it will work with Sharp (OTCPK:SHCAY) to turn its Sakai factory into a data center, Nikkei had reported.
Around the same time, SoftBank (OTCPK:SFTBY) said it was negotiating the purchase of up to 60% of the Sakai premises. The Sakai factory sits on a roughly 700,000 sq. mt. industrial complex built on reclaimed land in the bay of Osaka.
