Bridgestone Australia Going Private

(Akron/Tire Review) Bridgestone Australia Ltd. is apparently becoming a privately held company after shareholders voted to privatize the firm.

Published: March 20, 2007

The company had been publicly traded for more than 50 years.

Shareholders agreed to a $50 million buyback of the company’s minority shareholdings, and will now become a wholly owned subsidiary of its parent company.

Reports said that minority shareholders hold about 14.5 million shares of Bridgestone Australia, while Bridgestone Corp. holds some 22 million shares or 60.3%. Bridgestone reportedly is offering $3.40 per share for the outstanding minority shares.

Bridgestone Australia will be delisted from the Australian stock exchange on May 30.

Bridgestone invests in Yoshi Mobility to expand into virtual inspection, EV charging

Yoshi is also commercializing its mobile EV charging platform to address EV fleet charging challenges.

By Christian Hinton

Published: May 1, 2024

Yoshi Mobility recently closed its $26 million Series C funding round. The round includes strategic investors General Motors Ventures and Bridgestone Americas, as well as international investors Universal Motors Agencies and Shikra Limited. Launched out of Y Combinator in 2016, the company is also backed by ExxonMobil, DN Automotive, NBA All-Star Kevin Durant, and NFL legend Joe Montana. Yoshi Mobility has raised more than $60 million to date. In addition to scaling its core business, the company said Series C funding enables it to expand three new business lines: preventative maintenance, virtual vehicle inspections and electric vehicle (EV) charging.