SoftBank to take 40% stake in Norway’s AutoStore

SoftBank Group Corp. consented to pay $2.8 billion for a 40% stake in Norwegian distribution center mechanization organization AutoStore, denoting another huge bet by the Japanese combination on robot-empowered innovation. AutoStore is constrained by Thomas H. Lee Partners LP, while another private-value firm, Sweden’s EQT AB, holds a minority stake. The arrangement esteems the organization at $7.7 billion including obligation, the organizations said Monday. The Wall Street Journal detailed such an arrangement was inescapable before Monday. SoftBank Chief Executive Masayoshi Son has been putting down large wagers on man-made brainpower…

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