SoftBank Group is close to a deal to acquire 40% of a Norwegian company that makes warehouse automation technology for $2.8 billion. The Wall Street Journal reported that the deal for AutoStore, which is controlled by the private equity firm Thomas H. Lee Partners, would value the company at almost $8 billion. Founded in 1996, AutoStore makes a system that allows robots to fetch inventory from...
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What Sequoia Should Have Said
I remember my jaw dropping last year when The Information’s Juro Osawa reported that Sequoia China was in talks to raise more than $8 billion in new funding from U.S. investors and others.I was baffled. I just couldn’t imagine that Sequoia, which had picked a slew of winners in the U.S. and China ranging from Google to Meituan, was going to continue to draw such inflows from the U.S. to its...
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