A Long, Strange Trip for the ‘Uber for Nurses’Read more

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SoftBank Eyes Stake in Warehouse Robot Maker

By
Nick Wingfield
· · Source: The Wall Street Journal

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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