News Snapshot:
Softbank to buy $2.8 bn stake in Norway robotics firm By AFP Japanese investment giant SoftBank Group will buy a 40 percent stake in Norwegian robotics company AutoStore in a deal worth $2.8 billion, the two firms said. The deal is the latest bet by SoftBank, which has spent heavily on some of the tech world’s hottest start-ups and biggest names, ranging from artificial intelligence to biotech companies. The deal values AutoStore, which develops warehouse automation technology, at $7.7 billion, according to a statement released by the pair on Monday. Known for its cuboid systems that reduce the space needed...
