News for hackers. Stuff that matters.

A comment on Hyundai acquires controlling stake in Boston Dynamics for $880M. Parent comment

Re:Hyundai acquires controlling stake in Boston Dynamics for... by drdeadringer on Tuesday June 22, 2021 @08:52AM (#27590990)
> They've gone from Google -> Softbank -> Hyundai in a few years.

I was a contractor at Google when the Google//Boston Dynamics was happening, I now work//live in Silicon Valley, I grew up in MA, so I've been mildly following the story.

Is this sort of pinball "normal"?

[ Parent | on HN ]
Re:Hyundai acquires controlling stake in Boston Dynamics for... by tyingq on Tuesday June 22, 2021 @09:48AM (#27591566)
Softbank said they were purposefully selling things off to do stock buybacks and cut debt earlier this year. They supposedly paid $100M for BD, so selling it for $880M would be a nice way to do that. I think the ping-pong is just coincidental timing of both Google and Softbank wanting to sell off R&D type things.
[ Parent | on HN ]