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Dealmakers Are Turning to Drones to Help Complete Transactions

  • Coty’s beauty unit bidders may use drones for due diligence
  • Latest innovation for salvaging deals in social-distancing age
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Photographer: SeongJoon Cho/Bloomberg

Dealmakers are turning to drones to help complete transactions in the era of social distancing.

Coty Inc. and the suitors for its professional beauty unit that could fetch as much as $8 billion are considering conducting due diligence by flying drones across manufacturing facilities, according to people with knowledge of the matter.