SoftBank buys $514m majority stake in Dublin-based car software firm Cubic Telecom

SoftBank buys $514m majority stake in Dublin-based car software firm Cubic Telecom

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo

SoftBank Corp will invest roughly 473 million euros ($514 million) to take a 51% equity stake in Cubic Telecom that will give the Dublin-based connected-vehicle technology provider greater access to Asian automakers.

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