# Symbotic to merge with SoftBank SPAC in $4.5B deal

Walmart-backed robotics company Symbotic is finalising a $4.5 billion merger with SVF Investment Corp 3, a SPAC created by SoftBank. The deal is expected to be announced within days.

- Type: Acquisition
- Announced: 2021-12-12
- Where: United States
- Value: $4.50B
- Status: announced
- Products: robotics systems for distribution centers
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Walmart](https://endata.com/companies/1602.md) (investor)
- [Symbotic](https://endata.com/companies/15130.md) (target)
- [SoftBank Group](https://endata.com/companies/15862.md) (investor)
- [SVF Investment Corp 3](https://endata.com/companies/59634.md) (acquirer)
- [SoftBank Investment Advisers](https://endata.com/companies/59691.md) (investor)
- [SoftBank Vision Fund 2](https://endata.com/companies/59692.md) (investor)

## Sources

- [news.sky.com](https://news.sky.com/story/walmart-backed-robotics-group-symbotic-finalises-3-3bn-softbank-spac-merger-12494429), 2021-12-12: "A robotics and automation company backed by Walmart, America's biggest grocery retailer, is finalising plans for a $4.5bn (£3.3bn) merger with a 'blank cheque' company created by the Japanese technology giant SoftBank."
- [news.bloomberglaw.com](https://news.bloomberglaw.com/business-and-practice/two-firms-aid-spac-merger-with-symbotic-warehouse-robotics-firm), 2021-12-14: "Now is the time to take Symbotic to the next level."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.