Japan's second richest man 'drops' plan to spend $50 billion on buying American company after pursuing the deal for months - The Times of India

Japan's second-richest man, SoftBank Group chairman Masayoshi Son, has reportedly dropped plans to buy US data center operator Switch Inc. The deal, valued at around $50 billion, was intended to support Son's Stargate AI infrastructure ambition, a project aligned with Donald Trump's $500 billion initiative to generate computing power for partner OpenAI.