MoFo-Led SoftBank Eyes $2.8B Stake In Robotic Storage Co.

Law360 (April 7, 2021, 4:01 PM EDT) -- SoftBank plans to acquire 40% of AutoStore, a Norwegian robotics company that specializes in storage systems, as part of a $2.8 billion deal announced Wednesday with guidance from Morrison & Foerster LLP.

The Japanese holding company plans to buy the minority stake in AutoStore from funds associated with private equity firms Thomas H. Lee Partners and EQT, according to a press release. The deal is expected to value the Norwegian company at $7.7 billion when it closes, most likely this month.

"We view AutoStore as a foundational technology that enables rapid and cost-effective logistics for companies around the globe," SoftBank CEO...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!