Hughes Hubbard Advises Grab on US$1.85B in Joint Development Agreements to Develop AI Infrastructure in Malaysia
Multi-year plan to develop AI compute capacity across Sarawak and Peninsular Malaysia
Highlights
Grab and SoftBank Group, together with PETROS, announce plans for US$1.85 billion in initial combined seed capital to build AI infrastructure across Sarawak and Peninsular Malaysia.
Hughes Hubbard represented Grab Holdings Limited (Nasdaq: Grab) on the signing of joint development agreements with SoftBank Group Corp. and Petroleum Sarawak Berhad (PETROS) in connection with plans for US$1.85 billion in initial combined seed capital to develop AI infrastructure in Malaysia, across Sarawak and Peninsular Malaysia.
The Hughes Hubbard team was led by Ken Lefkowitz and Chuck Samuelson with primary assistance from Javad Husain. Other members of the team included Charles Wachsstock, Gary Simon, Kristin Millay, Sabrina Silverberg, Gerold Niggemann and Dan Weiner.
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