Faraday Future sells robotics business to FFR in $200M deal, retains majority stake
Los Angeles: Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI), a California-based Embodied AI (EAI) ecosystem company, has announced the signing of definitive agreements with FF EAI Robotics Ecosystem Inc. (NASDAQ: FFR), formerly AIxCrypto Holdings, Inc., for the acquisition of Faraday Future’s robotics business in an all-stock transaction valued at approximately $200 million. The…
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