Electric air taxi company Joby to acquire Blade Air's passenger business
Blade's Medical division is not part of the deal and will remain a separate public company rebranded as Strata Critical Medical but will partner with Joby on medical transportation.
The acquisition includes all of Blade's passenger business, including U.S. and European operations. Under the agreement, Joby will pay Blade up to $125 million, including $35 million tied to certain performance milestones and retention of certain key employees.
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