SoftBank reaches agreement with Alphabet to buy Boston Dynamics

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)

About the Author: Jeff Causey

Raised in North Carolina, Jeff Causey is a licensed CPA in North Carolina. Jeff's past Android devices include an HTC EVO, a Samsung Note II, an LG G3, and a Motorola Moto X Pure Edition along with a Samsung Galaxy Tablet 10.1. He currently uses a Samsung Galaxy S8 and (very rarely) a Nexus 7 (2013). He is also using a Verizon-branded Motorola Moto Z Play Droid supplied by his job. Jeff used to have a pair of Google Glass and a Moto 360 Sport in his stable of gadgets. Unfortunately, his kids have all drunk the Apple Kool-Aid and have i-devices. Life at home often includes demonstrations of the superiority of his Android based devices. In his free time, Jeff is active an active runner usually training for his next marathon, owns a MINI Cooper, and plays Dungeons & Dragons. Jeff has three mostly grown kids and a golden retriever.