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EXCLUSIVE SoftBank in talks to sell French robotics business to Germany's United Robotics

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SoftBank in talks to sell its French robotics business to Germany's United Robotics, according to sources and documents reviewed by Reuters

The talks are ongoing and plans could change, said two sources familiar with the matter, who declined to be named as they are not permitted to speak to the media. It is not clear whether SoftBank will retain a stake in the business, nor how much the deal would be worth.

A visitor looks at his mobile device next to Pepper the robot during the "Salon International de la Haute Horlogerie" watch fair in Geneva, Switzerland, January 14, 2019. REUTERS/Denis Balibouse/File Photo The restructuring comes as SoftBank focuses on selling third party hardware following the commercial failure of Pepper.

 

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