Jabil Sells Mobility Business to BYD Electronic
Manufacturing company Jabil announced Friday it completed the divestiture of its mobility business to BYD Electronic in a cash deal valued at $2.2 billion. “We are pleased to successfully close this transformational deal and I am confident that this is…
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the right step forward for Jabil,” said CEO Kenny Wilson: “The net proceeds will enable us to enhance our shareholder-centric capital framework, including incremental share buybacks. Additionally, it will provide opportunities for further investment in key areas of our business.”