Toyota close to deal for Alphabet's Boston Dynamics: Report

The acquisition could close soon, according to reports.

Toyota is in talks to acquire robotics company Boston Dynamics from Google's parent company Alphabet for an undisclosed sum, according to Nikkei.

The acquisition is said to come from the automaker's development arm, the Toyota Research Institute. Nikkei further reports Toyota Research Institute could close a deal on Google's Japanese robotics company, Schaft, and is using a $1 billion budget for both companies.

See also: Google puts Boston Dynamics robotics-division up for sale

Tech Insider reported last week the "ink is nearly dry," suggesting the deal could be completed soon.

Toyota declined to comment.

Over the years, Boston Dynamics has garnered attention for its futuristic robots shown off in viral videos across the web. Some of its robots are capable of walking, and its "BigDog" project received funding from the US military.

The Boston Dynamics acquisition was originally seen as a way for Google to get ahead on futuristic tech, but it's been plagued with a failure to collaborate between Boston Dynamics and the broader company.

Show Comments