SoftBank In Talks To Sell Robot Maker Boston Dynamics To Hyundai – Bloomberg News

0

Get real time updates directly on you device, subscribe now.

Loading...


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)

Loading...

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.

Loading...

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

Stay connected with us on social media platform for instant update click here to join our ????️????️ Twitter, & Facebook

Loading...

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Business headlines.

Loading...

For all the latest Business News Click Here 

Loading...

For the latest news and updates, follow us on Google News. 

Also, if you like our efforts, consider sharing this story with your friends, this will encourage us to bring more exciting updates for you. 

Loading...

Source

Loading...

Get real time updates directly on you device, subscribe now.