Japan's second richest man 'drops' plan to spend $50 billion on buying American company after pursuing the deal for months
Japan's second-richest man, Masayoshi Son, has reportedly halted $50 billion acquisition talks for US data center firm Switch Inc. This move impacts SoftBank's ambitious Stargate AI infrastructure plans, which aimed to power OpenAI. While a full takeover is off, discussions for a partial investment or partnership continue, as SoftBank doubles down on AI investments.
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