SoftBank Group Corp. has just confirmed that it is finalizing a corporate takeover with Alphabet Inc.’s robotics firm also known as Boston Dynamics. Through this important step, the Japanese telecommunications and Internet company has consolidated its growing portfolio of artificial intelligence technology.
The Robotics Firm Will Be Accompanied by Snatch to SoftBank
SoftBank managed to become the third largest firm in Japan after Toyota and Mitsubishi UFJ Financial. It owns several successful brands such as Vodafone, J-Phone, and SoftBank Mobile. However, the company wants to align with recent trends in technology, namely artificial intelligence. Therefore, it started building a powerful portfolio that would allow it to take great advantage of this market.
This is why SoftBanks handles final negotiations with Alphabet Inc. for its robotics firm, Boston Dynamics. Moreover, the takeover offer comes with an additional asset, namely Schaft company based in Tokyo. This unit is in charge of designing and manufacturing robots that are capable of replicating human movement. However, there are no official terms released to elucidate the nature of this transaction.
SoftBank Wants to Play the Lead Rule in the Future of the Information Industry
Once the deal was made public, the shares in the company increased by 7.9%. This is the highest point of growth in 17 years. Chairman Masayoshi Son stated on Friday that the direction is clear for his company. There are many signs that indicate that the information industry is going to evolve only through smart robotics in the near future. Therefore, the SoftBank enterprise has to think ahead and invest in this domain heavily.
This is not the first investment SoftBank embarked to this year. On the contrary, the company has relocated extensive funds to a massive acquisition movement. One of its latest decisions was to support Vision Fund valued at $93 million. This is the largest private equity fund in the world that focuses on the technologies of the future, including artificial intelligence and robotics.
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