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Majority Stake in Aldebaran Robotics Sold to Softbank
The roughly $100m deal could help prove to investors that there’s money to be made in consumer and service robotics.
Aldebaran Robotics NAO robot (Credit: Aldebaran Robotics)
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The Financial Times is reporting that a majority stake in Aldebaran Robotics, the French maker of the popular NAO humanoid robot, has been sold to the Japanese telecom firm, Softbank for about $100m.
According to the Times article, Softbank purchased over an “80 per cent stake in the business, and will invest another $40m to $50m to accelerate development. Softbank bought out existing shareholders in the company, including Intel Capital, CDC Innovation, iSource and Crédit Agricole Private Equity.” Last summer Intel had invested some $13m in the company, the article said.
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