Softbank Corp invests $60 million in Axiata's ADA unit for 23% stake - sources

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By Gomez in Business
Updated 3 years ago

KUALA LUMPUR (Reuters) - Japan's SoftBank Corp will invest $60 million for a 23% stake in the digital analytics and artificial intelligence arm of Malaysian telecoms firm Axiata Group Bhd, said two sources familiar with the matter. The acquisition values the subsidiary, ADA, at about $260 million, the sources said,...

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