SolarCity agrees to $2.6B buyout by Tesla
SolarCity has reached an agreement to be acquired by Tesla Motors in an all-stock deal valued at $2.9 billion that was first announced last month.
The rooftop solar installer said the result of the merger would be the creation of the world's first "vertically integrated sustainable energy company."
Tesla's Powerwall battery mounted on the wall of a garage with a Tesla Model S all-electric vechicle beside it.
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