Panasonic to buy U.S. AI software firm for $7.1bn

Posted by - April 23, 2021

Panasonic Corp. has agreed to take over U.S. artificial intelligence software developer Blue Yonder for $7.1 billion in one of the biggest acquisitions for the Japanese firm. Panasonic, which already has a 20% stake in Blue Yonder, will buy the rest of the AI firm’s shares from New Mountain Capital and funds managed by Blackstone