SoftBank in Talks to Acquire 1X Stake at $6 Billion Valuation
Deep News
Aug 27
SoftBank Group is reportedly in discussions to acquire a majority stake in 1X Technologies, a deal that would value the robotics startup at approximately $6 billion, according to sources familiar with the matter.
People with knowledge of the negotiations said the talks remain ongoing and the terms of the transaction could still shift as discussions progress.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.