STAT+: Investing in Pacific Biosciences, SoftBank pays a 540% premium to offer price for entire company
SoftBank, the Japanese tech conglomerate famous for paying questionable sums to invest in startups, has paid a hefty sum to invest in the genome sequencing company Pacific Biosciences.
It’s a $900 million investment in the form of convertible debt, meaning SoftBank can exchange the money for stock at a price of $43.50 per share.
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