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SoftBank in talks to buy stake in 1X at $6 billion valuation, The Information reports
Source: reuters.com
M&A & RestructuringTechnology & InnovationCompany Fundamentals
SoftBank is reportedly in talks to buy a majority stake in humanoid robot developer 1X Technologies in a deal valuing the startup at about $6 billion, per The Information. The transaction would represent a major investment in the robotics/AI space and is likely to be sector-relevant given the size of the valuation.
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