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Symbotic Acquires Walmart's Robotics Division for $520 Million, $200M Cash Upfront, Shares Surge 16.74%

Jan 16, 2025, 12:34 PM

Symbotic Inc. has announced a strategic acquisition of Walmart's Advanced Systems and Robotics division, valued at $520 million. The deal includes an upfront payment of $200 million in cash, with the potential for an additional $350 million in contingent consideration. This acquisition is expected to enhance Symbotic's automated fulfillment capabilities. Following the announcement, Symbotic's shares surged, increasing by 16.74% in premarket trading, reflecting investor confidence in the company's growth prospects stemming from this partnership.