Panasonic acquires AI software provider Blue Yonder
Panasonic has announced the acquisition of Blue Yonder. Blue Yonder makes AI algorithms for planning, automation and e-commerce. Panasonic wants to add Blue Yonder's services to its own portfolio.
The takeover involves a transaction of 7.1 billion dollars. This corresponds to some 5.9 billion eu... Read more
Panasonic will pay $6.5 billion to acquire Blue Yonder
Blue Yonder is a supply chain software firm based in the US. Panasonic is aiming to acquire the company, by paying around 700 billion yen ($6.5 billion) for it.
Nikkei reports that the move will be the biggest acquisition by Panasonic since 2011 when it paid $7.36 billion (about 800 billion yen)... Read more