TOKYO, Feb 24 (Reuters) - Japan’s Softbank Group said on Friday it had reached an agreement with Foxconn Technology Group to set up a joint investment company which would be led by the Taiwanese firm.
Softbank said Foxconn, which is owned by Hon Hai Precision Industry Co, would invest $600 million in the joint venture. The nature of the planned investments was not immediately clear. (Reporting by Naomi Tajitsu; editing by David Clarke)
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