SoftBank acquiring Boston Dynamics as Alphabet finally sells off robotics group

  |   Tech News

Over a year after reports first emerged that Alphabet was going to sell Boston Dynamics, a deal has finally been announced. SoftBank will be acquiring the robotics company, though exact details of the transaction have not been revealed.

SoftBank Group is purchasing Boston Dynamics as part of investments in “paradigm-shifting technologies” and to be a part of “the next wave of smart robotics.”

The terms of the transaction were not disclosed, but the parent company of Sprint also agreed to acquire Japanese bipedal robotics company Schaft. Boston Dynamics CEO and founder Marc Raibert appears to be staying on as part of the deal.

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