Jabil Inks Definitive Agreement To Divests Its Mobility Business To BYD Electronic For $2.2B
Portfolio Pulse from Benzinga Newsdesk
Jabil has signed a definitive agreement to sell its Mobility business to BYD Electronic for $2.2 billion. The Mobility business, which manufactures components for consumer electronics, is mainly located in Chengdu and Wuxi, China.
September 27, 2023 | 6:19 am
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POSITIVE IMPACT
BYD Electronic is acquiring Jabil's Mobility business, which could potentially enhance its product portfolio and market presence.
The acquisition of Jabil's Mobility business could potentially enhance BYD Electronic's product portfolio and market presence. This could have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Jabil is selling its Mobility business to BYD Electronic, which could potentially free up resources for other strategic initiatives.
The sale of the Mobility business could potentially free up resources for Jabil to invest in other strategic initiatives. This could have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100