Google Sells Boston Dynamics: Robot Design Firm Snapped Up by SoftBank
SoftBank has struck a deal to pick up Alphabet robot-maker Boston Dynamics, sending shares up.
SoftBank Group Corp. has struck a deal to pick up Alphabet Inc.'s (GOOGL) - Get Report robot-maker Boston Dynamics, sending shares up.
SoftBank stock surged 7.43% in Tokyo Friday to close at ¥9,476, after it announced it had entered into a definitive agreement to acquire robotics pioneer Boston Dynamics.
The deal aligns with SoftBank's push into "paradigm-shifting technologies and its vision of catalyzing the next wave of smart robotics," the Tokyo-based company said Friday, June 9.
This article was written by a staff member of TheStreet.
