Report: Vacuum cleaner maker Dyson to buy battery startup Sakti3

British vacuum cleaner maker Dyson is in the process of acquiring battery startup Sakti3 for $90 million in cash, according to a report in Quartz.

Earlier this year Dyson invested $15 million into Michigan-based startup Sakti3, as part of the seven-year old battery company’s latest funding round. Quartz says the deal is supposed to close today, and was approved on September 25.

The move suddenly puts Dyson -- and its founder, entrepreneur Sir James Dyson -- in the position of owning a...

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