Panasonic will acquire Scottsdale-based Blue Yonder for $7.1 billion

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Posted at 10:49 AM, Apr 23, 2021
and last updated 2021-04-23 13:49:21-04

SCOTTSDALE, AZ — Panasonic Corp., the Osaka, Japan-based maker of consumer electronics, announced on Friday that it would acquire Scottsdale’s Blue Yonder in a deal worth $7.1 billion.

Blue Yonder, which makes a logistics software that helps customers manage their supply chains, was partially owned by Panasonic after it acquired a 20% stake in the company last year.

Panasonic is buying out the remaining 80% of Blue Yonder shares for $5.6 billion from shareholder New Mountain Capital and funds managed by Blackstone. After purchasing the shares and repaying all outstanding debt, the total acquisition price comes to $7.1 billion.

The Business Journal previously covered news of the acquisition talks last month, which were originally reported by Nikkei Asia. The reported price at that time was $6.5 billion.

Read the full article at Phoenix Business Journal.