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Transaction values the business at approximately $200 million.
Faraday Future Intelligent Electric Inc. (FFAI) and FFR have signed a definitive agreement to combine FFAI's full robotics business with FFR. The transaction values the business at approximately $200 million, with a share consideration of $2.246 per share, representing an approximate 50 percent premium.
The agreement was announced on October 12, 2026. The transaction is subject to customary closing conditions and regulatory approvals.
This summary was generated by AI from public sources and may contain errors. Not financial advice. Trade at your own risk.