Shield AI to hit $28.8B value with $5.3B radar acquisition
FROM THE WIRE · FINANCE.YAHOO.COM
(Bloomberg) -- Shield AI is buying a radar company for $5.3 billion, and raising $2.5 billion in new funding for it, the company plans to announce on Thursday.The new backing, which Shield AI is raising to support the acquisition, includes $1 billion in Series H funding at a…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA large funding round and acquisition in defense, involving major banks and investment firms.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Shield AI is buying a radar company for $5.3 billion.
- 02The plan includes $1 billion in Series H funding at a $28.8 billion valuation.
- 03Blackstone provides $1 billion in structured equity and JPMorgan $500 million in debt.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Blackstone Inc.119.31 USD-0.51%today -4.99%Neutral JPMorgan Chase & Co.337.83 USD-0.75%today -4.06%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets