ShiftPixy Announces $150M Acquisition Of TurboScale, Combining $75M In Stock And $75M In Debt
Portfolio Pulse from Benzinga Newsdesk
ShiftPixy has announced a $150 million acquisition of TurboScale, which includes $75 million in stock and $75 million in debt. This acquisition aims to enhance ShiftPixy's AI capabilities and optimize staffing solutions using TurboScale's advanced GPU cloud infrastructure and AI model deployment.
October 17, 2024 | 12:06 pm
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ShiftPixy is acquiring TurboScale for $150 million, split equally between stock and debt, to enhance its AI capabilities and optimize staffing solutions.
The acquisition of TurboScale is a strategic move for ShiftPixy to enhance its AI capabilities, which could lead to improved staffing solutions and potentially increase its market competitiveness. The use of both stock and debt indicates a balanced approach to financing the acquisition.
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