Walmart, Symbotic
YAHOO!Finance · 2d
Symbotic Soars After Robotics Deal With Walmart - What's Going On?
Symbotic Inc. (NASDAQ:SYM) shares traded higher premarkets on Thursday after the company disclosed a deal to acquire Walmart Inc.‘s (NYSE:WMT) Advanced Systems and Robotics business. The acquisition’s total consideration is $200 million in cash and Symbotic will pay Walmart up to $350 million in additional contingent consideration in future periods dependent upon the quantity of APD systems ordered.
ProgressiveGrocer · 2d
Walmart Strikes Deal to Further Automate E-Commerce Operations
Walmart has made a deal to sell its Advanced Systems and Robotics business to Symbotic, Inc., an AI-enabled robotics technology company that focuses on the supply chain. As part of the deal, Symbotic will help Walmart develop, build and deploy an advanced robotics platform solution that will accelerate online pickup and delivery options at stores.
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