---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-243669"
form_type: "8-K"
ticker: "JBL"
cik: "0000898293"
company_name: "JABIL INC"
filed_at: "2023-09-27T23:59:59+00:00"
generated_at: "2026-06-10T08:28:54.341065+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Jabil divests Mobility business to BYDE for $2.2B cash; expected close by Feb 29, 2024

## Summary
- Cash consideration $2.2B; $440M deposit paid ($132M escrow, $308M to Jabil).
- Mobility business (consumer electronics components) located in Chengdu and Wuxi, China.
- Closing targeted within first two quarters of FY2024 (by Feb 29, 2024), subject to regulatory approvals.
- BYDE financing via $2.15B loan facility from BYD Company Limited.
- Jabil plans to use proceeds for share buybacks and investment in EV, renewable energy, healthcare, AI cloud data centers.

## SEC filing metadata
- accession: 0001193125-23-243669
- form_type: 8-K
- ticker: JBL
- cik: 0000898293
- company_name: JABIL INC
- filed_at: 2023-09-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/898293/000119312523243669/0001193125-23-243669-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/898293/000119312523243669/d502382d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-243669
- JSON: https://secwatch.observer/filing/0001193125-23-243669.json
- Plain text: https://secwatch.observer/filing/0001193125-23-243669.txt

## Key facts
- Material Agreements
  JABIL INC entered into Purchase Agreement with BYD Electronic (International) Co. Ltd. valued at $2,200,000,000 (effective 2023-09-26).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: BYD Electronic (International) Co. Ltd.
  - Value: $2,200,000,000
  - Effective: 2023-09-26
  source text: Jabil Inc. (the "Company" or "Jabil") announced on September 26, 2023 that, through its indirect subsidiary, Jabil Circuit (Singapore) Pte. Ltd., a Singapore private limited company ("Seller"), it has agreed to sell to BYD Electronic (International) Co. Ltd., a Hong Kong limited liability company ("Purchaser" or "BYDE"), its product manufacturing business in Chengdu, including its supporting component manufacturing in Wuxi (the "Business") for cash consideration of $2.2 billion, subject to certain customary purchase price adjustments.
  evidence_url: https://www.sec.gov/Archives/edgar/data/898293/000119312523243669/0001193125-23-243669-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.