Faraday Future Is Selling Its Robotics Unit. It’ll Still Own Nearly Two-Thirds of the Buyer
Faraday Future shares rose after agreeing to transfer its full robotics business to FFR in a deal valuing the business at approximately $200 million.
Faraday Future sold its robotics business but kept most ownership of the buyer. When a company sells something but still owns most of the buyer, watch whether this helps the company make more money or just moves pieces around.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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