The Funded: SoftBank exits Cruise as GM consolidates control in $2.1B buyout
The buyout reportedly yields a decent return for SoftBank. It invested about $1.2 billion in two deals in 2019 and sold for $2.1 billion.
- Supported exchanges /
- US /
- COOL.US
Corner Growth Acquisition Corp (COOL NASDAQ) stock market data APIs
11.2
0.1(0.9%)
as of June 24, 2024
Corner Growth Acquisition Corp Financial Data Overview
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The Funded: GM is consolidating its control of Cruise via its $2.1B to buyout of SoftBank
GM will own 80% of the self-driving technology developer after the purchase, reversing Cruise's prior strategy of diversifying its ownership.
- BATTERY VENTURES
- CRUISE
- CRUISE LLC
- GENERAL MOTORS
- INITIAL PUBLIC OFFERING
- INSIGHT PARTNERS
- MADRONA VENTURE GROUP
- PALO ALTO
- SAN FRANCISCO
- SHASTA VENTURES
- SOFTBANK GROUP
- SOFTBANK VISION FUND
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