Joby and Blade Stocks Surge on $125 Million Helicopter Ridesharing Deal

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Source: Barron's
Joby and Blade Stocks Surge on $125 Million Helicopter Ridesharing Deal
Photo: Barron's
TL;DR Summary

Joby Aviation is acquiring Blade Air Mobility in a deal valued up to $125 million, expanding its urban air mobility infrastructure and passenger base, with Blade continuing operations as a subsidiary and the deal expected to close soon.

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