Nissan to buy 34 percent of Mitsubishi in $2.17 billion deal

Nissan has entered an agreement to acquire a controlling stake in fellow Japanese automaker Mitsubishi. Under the agreement, which is still subject to shareholder approval, Nissan will pay ¥237 billion (approximately $2.17 billion) for 34 percent of Mitsubishi. This will make Nissan the single largest shareholder at Mitsubishi. It means a... Nissan to buy 34 percent of Mitsubishi in $2.17 billion deal