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Panasonic acquires Blue Yonder for $7.1 billion PUBLISHED BY acquire $7.1 billion in one of the largest acquisitions for the Japanese conglomerate. Panasonic, which already has a 20% stake in Blue Yonder, will now buy the rest of the U.S. artificial intelligence software developer from New Mountain Capital and funds managed by Blackstone Group Inc. for $5.6 billion, according to a statement released Friday. Blue Yonder’s acquisition includes repayment of outstanding debt. Panasonic’s total investment in the AI firm will amount to $7.1 billion. Panasonic Corporation Headquarters in Kadoma-shi, Osaka, Japan. “The need for more intelligent, autonomous and edge-aware supply chains has been dramatically heightened by the COVID-19 pandemic,” Panasonic said.
TOKYO (Reuters) - In its biggest acquisition in a decade, Panasonic Corp on Friday said it will buy U.S. supply-chain software company Blue Yonder in a deal worth $7.1 billion, to tap growing demand from companies as the COVID pandemic tests their resilience to disruption. Panasonic, which bought a 20% stake in Blue Yonder for 86 billion yen ($797 million) last year, will acquire the rest of the stock from shareholders including Blackstone Group Inc and New Mountain Capital, in an agreement, including debt, that values Blue Yonder at $8.5 billion, the company said in a press release. "The need for more intelligent, autonomous and edge-aware supply chains has been dramatically heightened by the COVID-19 pandemic," Panasonic said.
BusinessPanasonic to buy U.S. supply-chain software firm Blue Yonder for $7.1 bln Reuters 1/2 A logo of Panasonic Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai Read More In its biggest acquisition in a decade, Panasonic Corp (6752.T) on Friday said it will buy U.S. supply-chain software company Blue Yonder in a deal worth $7.1 billion, to tap growing demand from companies as the COVID pandemic tests their resilience to disruption. Panasonic, which bought a 20% stake in Blue Yonder for 86 billion yen ($797 million) last year, will acquire the rest of the stock from shareholders including Blackstone Group Inc (BX.N) and New Mountain Capital, in an agreement, including debt, that values Blue Yonder at $8.5 billion, the company said in a press release.
(PCRFY), The Blackstone Group L.P. (NYSE:BX) - Panasonic To Acquire Remaining 80% Blue Yonder Stake For $7.1B benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
ADVERTISEMENT ADVERTISEMENT W&C, Fried Frank Drive $7.1B Panasonic-Blue Yonder Deal Law360 (April 23, 2021, 11:20 AM EDT) -- Japanese electronics giant Panasonic, advised by White & Case, will acquire the remaining stake in private equity-backed supply chain solutions company Blue Yonder, guided by Fried Frank, that it does not already own in a deal valued at roughly $7.1 billion, including debt, the companies said Friday. The deal sees Panasonic Corp. paying $5.6 billion for an additional 80% stake in Blue Yonder, with selling shareholders including New Mountain Capital LLC and funds managed by Blackstone Group Inc., according to a statement. Previously, Panasonic owned a stake of about 20% in Blue Yonder. Including repayment of outstanding debt, the deal is...
Panasonic to buy US software firm Blue Yonder for $7.1b from Blackstone, others dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
Panasonic will acquire Scottsdale-based Blue Yonder for $7.1 billion Jim Poulin/Phoenix Business Journal By: Andy Blye - Phoenix Business Journal Posted at 10:49 AM, Apr 23, 2021 and last updated 2021-04-23 13:49:21-04 SCOTTSDALE, AZ â Panasonic Corp., the Osaka, Japan-based maker of consumer electronics, announced on Friday that it would acquire Scottsdaleâs Blue Yonder in a deal worth $7.1 billion. Blue Yonder, which makes a logistics software that helps customers manage their supply chains, was partially owned by Panasonic after it acquired a 20% stake in the company last year. Panasonic is buying out the remaining 80% of Blue Yonder shares for $5.6 billion from shareholder New Mountain Capital and funds managed by Blackstone. After purchasing the shares and repaying all outstanding debt, the total acquisition price comes to $7.1 billion.
Panasonic Acquires Blue Yonder For $7.1B benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Радиостанция и ТВ-канал: Радик Юльякшин рассказал, как будет продвигать национальную культуру ufa.kp.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ufa.kp.ru Daily Mail and Mail on Sunday newspapers.
SHAREHOLDER ALERT: Halper Sadeh LLP Investigates CNBKA, WRI, AEGN, JCS; Shareholders are Encouraged to Contact the Firm globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.