Walmart-backed Symbotic, SoftBank SPAC in talks for $4.5b merger

Walmart-backed Symbotic, SoftBank SPAC in talks for $4.5b merger

Photograph: Bloomberg

Walmart Inc-backed robotics and automation company Symbotic is in talks to merge with a blank-check vehicle backed by SoftBank Group Corp in a deal that would value the combined firm at $4.5 billion, Sky News reported on Monday.