SoftBank Considers Acquiring Robotics Startup Gravis

TechFlow reports, July 24, according to people familiar with the matter, SoftBank Group is considering acquiring Gravis Robotics AG, as SoftBank is targeting the artificial intelligence field supporting robotics technology. SoftBank plans to make a large-scale investment in this European startup and incorporate it into its newly established company Roze. SoftBank may complete the transaction in phases, achieved by gradually acquiring existing shares and injecting new capital. People familiar with the matter stated that this transaction could ultimately value the Zurich-based Gravis company at over $500 million. They indicated that no final decision has been made regarding the scale or structure of the transaction. (Jin10)