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Reuters exclusively reports U.S. clears SoftBank's $2.25-bln investment in GM-backed Cruise

Reuters exclusively reports U.S. clears SoftBank's $2.25-bln investment in GM-backed Cruise

Reuters exclusively reported that a U.S. national security panel approved a $2.25 billion investment by Japan’s Softbank Corp in Cruise, the U.S. self-driving vehicle company owned by General Motors Co. The approval was based on assurances that Cruise’s technology would be completely off limits to Softbank, which has come under increasing U.S. scrutiny over its ties to Chinese companies.