Original title: PanasonicSell TeslaFunds from the stock will be used to assist in the $7.1 billion acquisition of BlueYonder
On June 26th, according to foreign media reports, Panasonic, a supplier of Tesla electric vehicle batteries, confirmed on Friday local time that they had sold all their Tesla shares and is expected to receive more than US $3 billion in funds. will be used to invest to boost the company's growth.
According to foreign media reports, Panasonic has sold all its shares in Tesla, which was confirmed by a Panasonic spokesman on Friday local time. They sold all of them in Panasonic's fiscal year ended March 31 this year.
Shortly after Tesla IPO in 2021, Panasonic bought a stake in Tesla. Panasonic has held Panasonic shares for more than 10 years and sold them all in fiscal year 2010. It has also attracted a lot of attention, especially the reasons for the sale and the use of the funds obtained from the sale.
In terms of the use of the funds obtained from the sale of Tesla shares, some foreign media reported that they would be used to help acquire BlueYonder, an American software company that provides services such as supply chain management.
Foreign media reported that Panasonic has announced that it will acquire BlueYonder at a price of about $71. If all the funds obtained from the sale of Tesla's shares were used to acquire BlueYonder, it would provide more than half of the funds.
In a report on Friday, foreign media mentioned that Panasonic could get 400 billion yen, or about $3.61 billion, by selling Tesla shares.