In the middle of the constantly increasing demand for robotics technology, Japan’s SoftBank buys a robotics company from Google’s parent company Alphabet Inc.
SoftBank & Boston Dynamics
SoftBank Group Corporation sails toward the futures of robotics buying Alphabet Inc.’s dream company Boston Dynamics. In fact, Alphabet Inc.’s Google X bought Boston Dynamics in 2013. However, regarding the price of the deal, we are unknown as the companies didn’t disclose.
In a statement announcing the deal on Friday morning in Tokyo, Mr. Son added: “smart robotics are going to be a key driver of the next stage of the information revolution, and Marc [Raibert] and his team at Boston Dynamics are the clear technology leaders in advanced dynamic robots… explore applications that can help make easier, safer and more fulfilling”.
The BigDog maker Boston Dynamics happens to be the best company in the global robotics industry. However, it is the second investment into robotics by SoftBank founder Masayoshi Son. Prior to this acquisition, SoftBank acquired a French robotics company Aldebaran Robotics SA.
On the other hand, after the deal, SoftBank share rose as much as 7.7 percent in Tokyo.
Boston Dynamics mainly engineered and designed robots for military activities. Moreover, the company conducted research with government agencies.
However, the Tokyo-based telecommunications and tech investment company SoftBank planned an investment goal of $100 billion in technology. In May, the company [SoftBank] had already invested $93 billion to reach the goal. However, it’s unclear that whether the latest investment in robotics is part of the goal or not.
Image Source: Popular Science