SoftBank has announced a definitive agreement has been reached with Alphabet, Inc. to acquire Boston Dynamics, a robotics firm that has a penchant for producing some unique creations like the world’s fastest running robot. News of the agreement comes a little more than a year after it was learned that Boston Dynamics was up for sale and about four years after Google first bought Boston Dynamics. At that time, it was thought Amazon or the Toyota Research Institute may be a potential buyer. Terms of the acquisition have not been disclosed.
According to SoftBank CEO and Chairman Masayoshi Son,
“there are many issues we still cannot solve by ourselves with human capabilities. Smart robotics are going to be a key driver of the next stage of the Information Revolution, and Marc and his team at Boston Dynamics are the clear technology leaders in advanced dynamic robots. I am thrilled to welcome them to the SoftBank family and look forward to supporting them as they continue to advance the field of robotics and explore applications that can help make life easier, safer and more fulfilling.”
In an interesting twist, along with the acquisition of Boston Dynamics from Alphabet, SoftBank is also acquiring Schaft. Schaft is another robotics company that focuses on bipedal robots. With the combination of these two robotics companies, we may see some interesting new developments from SoftBank in the field of robotics.
No schedule for the closing of the deals was provided and the acquisitions are subject to customary closing conditions and regulatory review.
source: SoftBank (BusinessWire)