M&A Deal Summary

SoftBank Acquires Boston Dynamics

On June 9, 2017, SoftBank acquired machinery company Boston Dynamics from Google

Acquisition Highlights
  • This is SoftBank’s 1st transaction in the Machinery sector.
  • This is SoftBank’s 8th transaction in the United States.
  • This is SoftBank’s 1st transaction in Massachusetts.
Investment Fate
  • Boston Dynamics was divested to a consortium of strategic buyers in 2020 for 1.1B USD.

M&A Deal Summary

Date 2017-06-09
Target Boston Dynamics
Sector Machinery
Buyer(s) SoftBank
Sellers(s) Google
Deal Type Divestiture

Target

Boston Dynamics

Waltham, Massachusetts, United States
Boston Dynamics designs and builds dynamic robots and software for human simulation. The Company began as a spin-off from the Massachusetts Institute of Technology in 1992. Boston Dynamics is based in Waltham, Massachusetts.

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Buyer(S) 1

Buyer

SoftBank

Tokyo, Japan

Category Company
Founded 1981
Sector Diversified
Employees67,229
Revenue 7.24T JPY (2025)
DESCRIPTION

SoftBank is a diversified telecommunications and internet corporation, with operations in broadband, fixed-line telecommunications, e-commerce, Internet, broadmedia, technology services, finance, media and marketing, and other businesses. SoftBank was founded in 1981 and is based in Tokyo, Japan.


DEAL STATS #
Overall 18 of 30
Sector: Machinery M&A 1 of 2
Type: Divestiture M&A Deals 3 of 5
State: Massachusetts M&A 1 of 1
Country: United States M&A 8 of 14
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-31 OSIsoft

San Leandro, California, United States

OSIsoft, Inc. is a provider of real-time industrial data software and services. OSIsoft was founded in 1980 and is based in San Leandro, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-30 Wag!

San Francisco, California, United States

Wag! provides access to on-demand pet services and is transforming the pet industry by simplifying pet care. With its mobile-first platform and a foundation built on data science and automation capabilities, Wag! is consolidating the pet wellness and services industries online and through its mobile app. Wag! was founded in 2014 and is based in San Francisco, California.

Buy -

Seller(S) 1

SELLER

Google

Mountain View, California, United States

Category Company
Founded 1998
Sector Internet Software and Services
Employees190,234
Revenue 350.0B USD (2024)
DESCRIPTION
View of Google's corporate campus in Mountain View, California.
View of Google's corporate campus in Mountain View, California.

Google is a global provider of search and advertising services. In addition to its search engine, Google offers online tools and platforms including: Gmail, Google Apps, Google Maps, and YouTube. Google was incorporated in 1998 and is based in Mountain View, California.


DEAL STATS #
Overall 5 of 7
Sector: Machinery M&A 1 of 1
Type: Divestiture M&A Deals 4 of 6
State: Massachusetts M&A 1 of 1
Country: United States M&A 5 of 6
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-10 Owlchemy Labs

Austin, Texas, United States

Owlchemy Labs LLC is a game studio and develops virtual reality software. Owlchemy has developed popular virtual reality games and software that better utilizes hand gestures to manipulate virtual objects and improve the user experience. Company was founded in 2010 and based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-11 Halli Labs

Bengaluru, India

Halli Labs is an Artificial Intelligence based technology firm that develops tools to enhance machine learning and natural language processing systems. Halli Labs was established in 2017 and is headquartered in Bengaluru, India.

Buy -