SoftBank to give up board seats, take on passive role in startups to get US nod on tech deals

SoftBank to give up board seats, take on passive role in startups to get US nod on tech deals

REUTERS/Issei Kato

SoftBank Group Corp has agreed to give up board seats and access to sensitive information, take a more passive role in startups and make other concessions to get government clearance for its technology deals, as the Japanese investor confronts a new U.S. law aimed at cracking down on foreign investors.

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