SoftBank picking its battles with US national security committee

SoftBank Group Corp has agreed to give up board seats and access to sensitive information, take a more passive role in startups and make other concessions to get government clearance for its technology deals in the United States.

These maneuvers come as the Japanese investor confronts a new U.S. law aimed at cracking down on foreign investors.

SoftBank’s investment style has made it a frequent visitor of a U.S. government group known as the Committee on Foreign Investment in the United States (CFIUS), charged with reviewing foreign investment for national security and competitive risks.