Big Law

The Walmart-Backed Robotics and Automation Company Symbotic Looks at a $4.5 Billion Merger With SoftBank

Walmart Inc-backed robotics and automation company Symbotic is in talks to merge with a blank-check vehicle backed by SoftBank Group Corp in a deal that would value the combined firm at $4.5 billion, Sky News reported on Monday.

An agreement with SVF Investment Corp 3 could be reached within weeks, the report said, citing an investor.

If the deal goes through, Walmart will participate in the Private Investment In Public Equity (PIPE) round of the deal, the report said.

Read the source article at usnews.com

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