SoftBank to Shun Tesla Deal as It Focuses on Other Car Bets, Sources Say

12 Aug by Vitaliy Dadalyan

SoftBank to Shun Tesla Deal as It Focuses on Other Car Bets, Sources Say

Speculation about who may or may not finance Tesla Inc. CEO Elon Musk’s audacious plan to take the carmaker private is distracting dealmakers from a normally quiet August spent in the Hamptons or Southern France. SoftBank Group Corp., the Japanese conglomerate that has been touted as a potential source of capital for a buyout of the carmaker, isn’t planning to participate in such a deal, according to people with knowledge of the matter. The company, which held talks with Musk in 2017 about a possible investment, isn’t interested in revisiting such a plan, said the people, who asked not to be identified as the details aren’t public.

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Source:: https://finance.yahoo.com/news/softbank-shun-tesla-deal-focuses-223857126.html

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