$2.25 billion

Mergers & Acquisitions

Bloomberg News

June 22

How auto are you willing to go? SoftBank is giving $2.25 billion into General Motors Co.'s autonomous-vehicle unit. The world's biggest technology fund and America's largest automaker are joining forces to take on Google in the battle of the self-driving car business. $1.35 billion of the investment will go in once Cruise autonomous vehicles are ready to be deployed into an app-based ride-hailing service next year.

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