Advertisement
UK markets close in 3 hours 42 minutes
  • FTSE 100

    7,950.26
    +18.28 (+0.23%)
     
  • FTSE 250

    19,847.04
    +36.38 (+0.18%)
     
  • AIM

    743.03
    +0.92 (+0.12%)
     
  • GBP/EUR

    1.1695
    +0.0026 (+0.23%)
     
  • GBP/USD

    1.2627
    -0.0011 (-0.09%)
     
  • Bitcoin GBP

    55,785.92
    +315.41 (+0.57%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,248.49
    +44.91 (+0.86%)
     
  • DOW

    39,760.08
    +477.75 (+1.22%)
     
  • CRUDE OIL

    82.71
    +1.36 (+1.67%)
     
  • GOLD FUTURES

    2,229.00
    +16.30 (+0.74%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,487.88
    +10.79 (+0.06%)
     
  • CAC 40

    8,227.68
    +22.87 (+0.28%)
     

SoftBank in talks to sell robot maker Boston Dynamics to Hyundai - Bloomberg News

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo

(Reuters) - SoftBank Group Corp <9984.T> is in talks to sell robot maker Boston Dynamics Inc to Hyundai Motor Co <005380.KS>, 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 <GOOGL.O> in 2013 and sold to SoftBank in 2017.

ADVERTISEMENT

Boston Dynamics and Hyundai did not immediately respond to Reuters requests for comment. SoftBank declined to comment.

(Reporting by Niket Nishant in Bengaluru; Editing by Vinay Dwivedi and Shailesh Kuber)