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Black Box in Talks to Acquire Aeries Technology, Inc. for $70 Million to $90 Million

The potential acquisition of Mumbai-based Aeries Technology, Inc. remains at an early stage, with the structure, funding and timeline unsettled.

Mumbai office towers glowing in early evening light / TokenPost.ai
Mumbai office towers glowing in early evening light / TokenPost.ai

Black Box is in early discussions to acquire Mumbai-based Aeries Technology, Inc. for $70 million to $90 million, a potential transaction that would value the company above its current market capitalization.

Aeries Technology, Inc. has a market capitalization of $36 million. Its shares rose 4.3%.

The proposed deal remains at an early stage. Its structure, funding and timeline have not been finalized.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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