Amazon partners with self-driving forklift maker Balyo
January 11, 2019
Amazon has agreed to receive free stock warrants from France's Balyo that would give the ecommerce giant the option to buy up to 29% of the self-driving forklift manufacturer. Amazon would exercise the full option if it spends up to €300 million (about $345 million) on Balyo's products over the next seven years. Shares of Balyo (EPA: BALYO) closed Thursday up more than 51%.