Skip to main content

SoftBank bought Alphabet's Boston Dynamics and Schaft

Tinuku ~ SoftBank Group acquired two companies of Alphabet Inc.'s Boston Dynamics and Schaft robots. SoftBank is increasingly demonstrating the strength to expand its portfolio. Companies want more than just telecommunication companies because now again they show the seriousness in the robotics industry and artificial intelligence.

Tinuku SoftBank bought Alphabet's Boston Dynamics and Schaft

On Friday 9 June SoftBank said it would buy two companies owned by Google's parent company Alphabet Inc. Two robotics companies are Boston Dynamics based in Massachusetts and Schaft based in Tokyo. Both build robots simulate human movement.

SoftBank does not say how much money they spend to buy the two robot companies. Boston Dynamics is headquartered in Massachusetts founded by Marc Raibert in December 2013.

"The intelligent robot will be a key driver of the information revolution and Marc Raibert and his team at Boston Dynamics are clear technology leaders in the development of dynamic and sophisticated robots," said Masayoshi Son, Chairman of SoftBank Group.

Boston Dynamics has produced a number of robots mimicking human and animal movements. Humanoid robot named Atlas can move to keep the balance with the feet and hands, lifting weights then put it elsewhere. Others are robotlike dogs and robots with wheel legs that can jump.

But Boston Dynamics has been on the portfolio list a year ago for sale by Alphabet. Toyota reportedly had an interest in buying Boston Dynamics, but it seems never happened.

SoftBank are also in intensive talks with the Indian government for 2030 vision. They manages the world's largest equity fund of US$93 billion. Funds obtained from Vision Fund are groups of companies that collect capital to be managed again by SoftBank.

The big companies that participate for softbank are Apple, Qualcomm, Foxconn and others. SoftBank has now started action in investing, ranging from startup level to established company.


Popular posts

Norwegian Coastal Administration prepare Stad Ship Tunnel construction to cut shipping lanes Stad peninsula

Tinuku ~ Norwegian Coastal Administration has begun Stad Ship Tunnel construction as the world's first ship tunnel to navigation bypass at Norway windy sea. A design made 1,700 meters long tunnel through the hills on the Stad peninsula which allows the ship to escape from one of the most dangerous region in the world.

PayPal acquired Sweden's for $2.2 billion

PayPal Holdings Inc. said on Thursday it had agreed to acquire Sweden's for US$2.2 billion. Startup headquartered in Stockholm is one of the most renowned financial technology companies in Europe where the deal will allow PayPal to expand the market globally and will mark the largest acquisitions ever made by a company based in San Jose, California.

iZettle offers a mini credit card device for small businesses that can turn smartphones and tablets into payment registers. The company has been present in 11 countries and offers other services for small businesses including loans. iZettle also has plans to go public.

The deal will also help PayPal provide a more comprehensive suite of services to its merchants, while PayPal that operates in the next 200 countries allows iZettle to accelerate its international expansion including the US. Similar services and major competitors in the US are Square Inc founded by Twitter CEO Jack Dorsey.

Since separating from eBay in 2015, P…

Foxconn unit to raise $4.2 billion IPO in Shanghai

Foxconn unit to collect US$4.2 billion in an IPO on the Shanghai stock exchange. Taiwan's Foxconn Industrial Internet as one of Foxconn's electronics manufacturing giant units that makes cloud services and industrial robot equipment will float 10% of total shares in an initial public offering in China on Thursday aiming to raise 27.1 billion yuan as China's biggest mainland debut for three year.

Taipei-based Foxconn, also known as Hon Hai Precision Industry Co. is the world's largest electronics contract manufacturer, a major supplier of components and assembler products by international brands including Apple and Sony. Foxconn Industrial Internet will launch 1.97 billion new shares at 13.77 yuan per share to raise 27.1 billion yuan (US$4.2 billion).

The IPO will be the largest in mainland China since 2015. Foxconn said it will use the funds raised to improve smart manufacturing, build an internet platform to connect factories, invest in cloud computing and fifth gener…