Google Analytics counts our visits, with cookies. No thanks turns it off and removes its cookies; in Europe, the UK, Switzerland and India, or wherever we cannot tell where you are, it stays off unless you accept. Cookie Notice

Advertise
PRICES
BTCETHSOLXRPBNBTONDOTLTCPOLHBARNEARARBUNI
Back to NewsFeeds

Shield AI to buy Echodyne for $5.3bn in deal valuing it at $28.8bn

NewsFeeds update

Shield AI plans to acquire radar sensor firm Echodyne for $5.3bn, comprising $4.8bn in cash and equity plus up to $500m tied to milestones. It is raising $2.5bn to fund the deal, including $1bn in structural equity from Blackstone and $500m in debt from JPMorgan, valuing it at $28.8bn.

AIPANewsAINeutral

Read the original on PANews

More AI updates

  1. Police in Oakland investigate theft of Nvidia AI chips worth $11.4m

    AIPANewsAINeutral

  2. Chamath Palihapitiya says SpaceX-Anthropic compute contract holds 90-day mutual exit clause

    AIChainCatcherAINeutral

  3. Stop Dirty Data Centres says protests across Europe target AI data centre expansion

    AIChainCatcherAINeutral

Every AI update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.