M&A Annual Review 2025

SoftBank Morrison Foerster advised SoftBank Group as a founding and anchor partner of The Stargate Project—a newly formed joint venture between SoftBank and OpenAI to invest in new AI infrastructure in the United States and abroad, together with technology partners including Oracle, NVIDIA, Arm, Microsoft, and MGX. The firm also advised SoftBank in its $6.5 billion acquisition of U.S. semiconductor design company Ampere Computing and is currently representing SoftBank in its proposed $5.4 billion acquisition of ABB’s robotics business, as well as SoftBank’s proposed $4 billion acquisition of DigitalBridge, a leading global asset manager dedicated to investing in digital infrastructure. These transactions, including increased AI investments, mark SoftBank’s strategic rebalancing, positioning the company at the intersection of computing infrastructure and data-driven innovation. Together with OpenAI, Arm, and our Stargate partners, we are paving the way for a new era where AI advances humanity.” Masayoshi Son, Chairman and CEO of SoftBank Group Corp. 30 Morrison Foerster

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