Sharp To Invest Up To $1B In SoftBank's Massive Tech Fund

Law360, New York (May 18, 2017, 2:15 PM EDT) -- Sharp Corp. on Thursday agreed to commit up to $1 billion to the planned $100 billion technology fund being raised by Softbank Group Corp., as part of the company’s plan to focus its business more on so-called leading-edge technologies like the internet of things.

Under the terms of the agreement, Sharp will make investments totaling as much as $1 billion over a five-year period, according to a statement. The purpose of Sharp’s investment is to help refocus the company’s business on new-age technologies such as the...
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