HYMLF - SoftBank eyeing sale of robotics company Boston Dynamics to Hyundai - Bloomberg

Robotics company Boston Dynamics, born at MIT and acquired by Google then SoftBank ([[SFTBF]],[[SFTBY]]) created the dog-like robot Spot, which helped the company attract YouTube views but not a profit.Bloomberg sources say SoftBank is looking to sell Boston Dynamics to Hyundai ([[HYMLF]],[[HYMTF]]), which has historically focused on industrial robots for factories.Hyundai could gain control of Boston Dynamics in a deal valued at as much as $1B, said a source.The deal isn't finalized and terms could still change.SoftBank has been on a roll selling off non-core assets with Nvidia putting in a $40B bid or the Arm chip unit.Previously: 'Nasdaq whale' loses big, but Vision Fund boosts SoftBank profit (Nov. 09 2020)Previously: Four directors leave SoftBank board as it touts independence (Nov. 09 2020)

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SoftBank eyeing sale of robotics company Boston Dynamics to Hyundai - Bloomberg