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New Deal


Announced

GM to invest $300m in Momenta.

Financials

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Transaction Value£219m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Auto Technology

self-driving technology

autonomous driving

China

Minority

Friendly

Private

Acquisition

Pending

Single Bidder

Synopsis

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General Motors, a multinational firm that designs, manufactures, markets, and distributes vehicles and vehicle parts, agreed to invest $300m in Momenta, a developer of autonomous driving technology designed to improve efficiency. “Customers in China are embracing electrification and advanced self-driving technology faster than anywhere else in the world, and the agreement between GM and Momenta will accelerate our deployment of next-generation solutions tailor-made for our consumers in China,” Julian Blissett, General Motors Executive Vice President and President of GM China.

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