(Bloomberg) -- Anduril Industries Inc. is in talks to raise $400 million to $500 million in funding from investors in a deal that could take the form of a convertible note, according to people familiar with the discussions. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWhy a US Recession Is Still Likely — and Coming SoonWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsAirbnb Is F
-- Anduril Industries Inc. is in talks to raise $400 million to $500 million in funding from investors in a deal that could take the form of a convertible note, according to people familiar with the discussions.Airbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.
Anduril is likely to use the cash infusion to fund more strategic acquisitions — like the purchase of autonomous aircraft developer Blue Force Technologies, announced last month — as well as for research and development efforts, the people said.
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