(Reuters) – General Motors (NYSE:) said Friday it had struck a deal with SoftBank Vision Fund and certain of its subsidiaries to acquire the fund’s ownership stake in GM Cruise Holdings LLC for $2.1 billion.
The company said it will make an additional $1.35 billion investment in Cruise, a self-driving technology company.
After the deal, GM will own about 80% in Cruise, a subsidiary of the automaker, leaving SoftBank with no ownership interests or rights, it said in a securities filing.Disclaimer: Fusion Media would like to remind you that the data on this website is not necessarily real-time or accurate. All CFDs (Stocks, Indices, Futures) and Forex prices are not provided by exchanges but rather by market makers, and therefore prices may not be accurate and may differ from the actual market price meaning prices are indicative and not suitable for trading purposes . Therefore, Fusion Media does not bear any responsibility for any trading losses that you may incur as a result of using this data.
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