# 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.

- Type: Acquisition
- Announced: 2023-08-27
- Where: St. Petersburg, Florida, United States
- Value: $2.20B
- Status: announced
- Products: mobile electronics manufacturing
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Jabil](https://endata.com/companies/1600.md) (target)
- [BYD Electronic (International) Company Limited](https://endata.com/companies/72268.md) (acquirer)

## Sources

- [investors.jabil.com](https://investors.jabil.com/news/news-details/2023/Jabil-Enters-into-Preliminary-Agreement-Relating-to-Sale-of-Mobility-Business/default.aspx), 2023-08-27: "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."

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