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

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.

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


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