LG Electronics to acquire 64% stake in Cybellum for $140M

LG Electronics is acquiring an approximate 64% stake in Israeli vehicle cybersecurity startup Cybellum for $140 million, with a commitment to invest an additional $20 million via SAFE. This is LG's first acquisition in Israel and in cybersecurity.

“LG will assume an approximate 64% stake in the tech company valued at $140 million.”calcalistech.com

• 1 source
• calcalistech.comLG acquiring Israeli vehicle cybersecurity startup Cybellum for at least $140 million - CTechSep 23, 2021

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