SoftBank unit buys robotics businesses from Alphabet Inc

Japan’s SoftBank Group Corp has said that a unit of the company will buy two firms that build walking robots from Alphabet, which would add to the group’s growing artificial intelligence portfolio.The Japanese company will buy Boston Dynamics and Tokyo-based Schaft, which design and manufacture robots that simulate human movement. It did not disclose the terms of the transactions.

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Softbank’s acquisition of ARM is a big bet on the future – BBC News

Imagine a future where your fridge, your washing machine, even your hairbrush, is a computer. Everyday appliances, all of a sudden transformed into intelligent, thinking and analytical machines.

And then think – how much would you pay to own the technology behind those devices? That might help to explain why Softbank’s eccentric chief executive Masayoshi Son is paying close to a 50% premium for the UK’s ARM Holdings.

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