SoftBank Reaches a Deal to Buy Boston Dynamics From Alphabet

SoftBank (SFTBY) reached a deal of buy robotics pioneer Boston Dynamics from Alphabet (GOOGL) - Get Report.

Terms of the transaction weren't disclosed.

SoftBank shares surged 7.43% in Tokyo on Friday.

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.

Boston Dynamics' robots can run, jump and climb stairs, with the company's CEO Marc Raibert describing them as "nightmare inducting."

SoftBank is one of the companies behind a robot called Pepper, which is said to be the world's first robot to read human emotions.

"Today, there are many issues we still cannot solve by ourselves with human capabilities.  said in a statement.

As part of the deal, SoftBank also is buying from Alphabet a company called Schaft that develops humanoids and came out of the University of Tokyo.

This article was written by a staff member of TheStreet.