GM buying Softbank’s stake in Cruise for $2.1B, putting in additional $1.35B

Green Car Congress
By mmillikinMar 19, 2022, 9:30 am462 ptsHot
General Motors is acquiring SoftBank Vision Fund 1’s equity ownership stake in autonomous vehicle company Cruise for $2.1 billion and separately will make an additional $1.35 billion investment in Cruise, replacing a previous commitment made by the fund in 2018. We are extremely pleased to announce GM is…

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