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6752 - Panasonic News Story

¥1215.5 9.0  0.8%

Last Trade - 14/05/21

Sector
Technology
Size
Large Cap
Market Cap £18.44bn
Enterprise Value £17.66bn
Revenue £43.56bn
Position in Universe 50th / 3904

UPDATE 1-Panasonic to buy U.S. software firm Blue Yonder for $6.5 billion -Nikkei

Mon 8th March, 2021 9:38am
(Adds details)
    TOKYO, March 8 (Reuters) - Panasonic Corp  6752.T  will buy
U.S. software firm Blue Yonder for 700 billion yen ($6.45
billion), the Nikkei reported on Monday, saying it was the
Japanese electronics firm's biggest acquisition since 2011.
    While Panasonic bought 20% stakes of Blue Yonder in 2020, it
is now in the final stage to acquire the rest from shareholders
including Blackstone Group Inc  BX.N , the Nikkei said, citing
unnamed sources.
    The move comes as the Japanese company aims to expand
hardware that combines software, sensors and other devices to
help companies improve operational efficiencies, Nikkei said.
    Panasonic could not be reached for immediate comment.   
    
($1 = 108.4900 yen)

 (Reporting by Takashi Umekawa; Editing by Edmund Blair, editing
by Louise Heavens)
 ((Takashi.Umekawa@thomsonreuters.com;))
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