SoftBank In Talks To Sell Robot Maker Boston Dynamics To Hyundai – Bloomberg News
SoftBank Group Corp is in talks to sell robot maker Boston Dynamics Inc to Hyundai Motor Co , Bloomberg News reported on Monday, citing people familiar with the matter.
Terms of the deal were yet to be finalized, but could be valued as much as $1 billion (£760 million), the report said. (https://bloom.bg/2Idg55M)
Boston Dynamics’ products include Spot, a robot that navigates terrain helping in inspection tasks and Handle, for moving boxes in the warehouse.
The robot maker was bought by Google-parent Alphabet Inc in 2013 and sold to SoftBank in 2017.
Boston Dynamics and Hyundai did not immediately respond to Reuters requests for comment. SoftBank declined to comment.
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Business headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News