SoftBank Flips the Venture-Capital Script Again With GM Deal
General Motors, the US’s 10th-largest company by revenue, is eager to lay the groundwork for future growth by developing self-driving technology. But its shareholders are dubious of too much spending as revenue declines---it fell 5.5 percent last year. Japanese conglomerate SoftBank has the opposite problem: A giant pile of cash, and not enough opportunities to spend it.
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