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Alibaba, Foxconn buy stake in Softbank's Robotics business

2015-06-18 11:44:00| Telecompaper Headlines

(Telecompaper) Alibaba and Foxconn have agreed to each buy a 20 percent share in Softbank's Robotics business for JPY 14.5 billion per stake. Softbank will retain ownership of the remaining 60 percent. SoftBank, Alibaba and Foxconn will together build a structure to bring Pepper and other robotics businesses to global markets and to develops the robotics industry on a worldwide scale.

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