SoftBank Group Corp is in talks to sell robot maker Boston Dynamics Inc to Hyundai Motor Co , Bloomberg News reported on Monday, citing people familiar with the matter.
Terms of the deal were yet to be finalized, but could be valued as much as $1 billion (£760 million), the report said. (https://bloom.bg/2Idg55M)
Boston Dynamics’ products include Spot, a robot that navigates terrain helping in inspection tasks and Handle, for moving boxes in the warehouse.
The robot maker was bought by Google-parent Alphabet Inc in 2013 and sold to SoftBank in 2017.
Boston Dynamics and Hyundai did not immediately respond to Reuters requests for comment. SoftBank declined to comment.
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