Webinar :Join Commodity Ki Paathshala on ‘Volatility in Agriculture commodities Prices- Importance of Price Risk Management and Role of Derivatives Markets’ on March 9, 5pm. Register Now!
you are here: HomeNewsWorld

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

Terms of the deal were yet to be finalized, but could be valued as much as $1 billion (£760 million), the report said.

November 10, 2020 / 07:33 AM IST

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.

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.
Reuters
first published: Nov 10, 2020 07:25 am

stay updated

Get Daily News on your Browser
Sections