SoftBank targets a TEPCO stake to lock in gigawatt-scale power for AI data centers

Masayoshi Son confirmed at SoftBank's June 24 annual meeting that the group's telecoms unit is pursuing an equity stake in Tokyo Electric Power Company, with KKR and at least three other groups in parallel discussions and no deal terms announced. Four groups competing to back Japan's largest power utility marks electricity access — not compute — as the binding constraint for AI infrastructure buildout in Japan.

Source: bloomberg.com ↗