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SoftBank in talks to sell robot maker Boston Dynamics to Hyundai: Report

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.

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SoftBank

Reuters 

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo. (Photo: Reuters)
The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo. (Photo: Reuters)

(Reuters) - Group Corp <9984.T> is in talks to sell robot maker Boston Dynamics Inc to Hyundai Motor Co <005380.KS>, 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 in 2017.

Boston Dynamics and Hyundai did not immediately respond to Reuters requests for comment. declined to comment.

 

(Reporting by Niket Nishant in Bengaluru; Editing by Vinay Dwivedi and Shailesh Kuber)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Tue, November 10 2020. 01:41 IST
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