SoftBank To Buy Boston Dynamics From Google Parent Alphabet.

On Thursday Japan based SofBank announced they would be buying robot making firm Boston Dynamics from Alphabet Inc., along with the secretive bipedal robotics firm Schaft. Boston Dynamics manufactures animal like robots such as Atlas and BigDog, that balance and use whole body skills to stay upright even when pushed or while traversing rocky terrain.

Multinational telecommunications and Internet corporation SoftBank, has already invested in human shaped robot ‘Pepper’ that can serve as a helpful companion, in 2014. While the terms of the deal were not disclosed, shares of the Japanese conglomerate shot up by more than 7% on Friday morning after the news of their latest acquisition spread.

Masayoshi Son, Chairman and CEO of SoftBank said that smart robotics was the key for the next stage of an information revolution. Boston Dynamics chief executive Marc Raibert said in a press release that they share SoftBank’s belief that advances in technology should benefit humanity.

Google’s parent company Alphabet Inc., has been looking to offload Boston Dynamics for almost a year before finally selling it to SoftBank. They have yet to comment on whether this new acquisition will remain a part of SoftBank or will join their $93 billion Vision Fund.