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June 9, 2017 AT 11:25 am

SoftBank is acquiring Boston Dynamics from Alphabet Inc. (Google) #makerbusiness

SOFTBANK ANNOUNCES AGREEMENT TO ACQUIRE BOSTON DYNAMICS.

SoftBank Group Corp. (“SoftBank”) today announced a subsidiary of SoftBank has entered into a definitive agreement to acquire robotics pioneer Boston Dynamics from Alphabet Inc. (NASDAQ: GOOGL, GOOG). The transaction aligns with SoftBank’s investments in paradigm-shifting technologies and its vision of catalyzing the next wave of smart robotics. The terms of the transaction were not disclosed.

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