• Kyodo

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Konica Minolta Inc. said Thursday that it will partner with Innovation Network Corp. of Japan to buy the U.S. genetic testing firm Ambry Genetics Corp. for up to $1 billion.

Under the deal set to be closed in October, Konica Minolta will take a 60 percent stake in Ambry Genetics, with the INCJ, a state-backed investment fund, taking the rest.

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