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Last updated ·

Wednesday, October 14UTC

  1. New
    FF EAI Robotics EcosystemFaraday Future robotics business acquisition agreementFunding & Deals

    FFR signs stock agreement for Faraday Future robotics business

    FF EAI Robotics Ecosystem says it signed definitive agreements on October 12 to acquire Faraday Future's robotics assets and business in an all-stock transaction. The companies announced the deal October 14 and agreed on an approximately $200 million value for the robotics business; that is a negotiated transaction value, not cash raised or proven market value. Closing was expected by the end of October but had not been announced, so the portfolio has not yet transferred.

    FF EAI Robotics Ecosystem1 source

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