Jabil enters preliminary agreement to sell Mobility business to BYD Electronic for $2.2B

Jabil Inc. announced a preliminary agreement with BYD Electronic (International) Company Limited to sell its Mobility business in a potential transaction valued at approximately $2.2 billion. The deal is subject to due diligence, definitive agreement, and regulatory approvals.

“This transformational deal would represent the largest transaction in the history of our company, and I am thrilled to be able to work with a reputable company like BYDE to drive this business successfully forward.”investors.jabil.com

• 1 source
• investors.jabil.comJabil - Jabil Enters into Preliminary Agreement Relating to Sale of Mobility BusinessAug 27, 2023

Summarized from public sources; check the original articles before acting on it.