Hyundai Motor Group to acquire controlling interest in Boston Dynamics

Hyundai Motor Group agreed to acquire an approximately 80% stake in Boston Dynamics from SoftBank Group, valuing the mobile robot firm at $1.1 billion. SoftBank will retain about 20%.

“Hyundai Motor Group and SoftBank Group Corp. today agreed on main terms of the transaction pursuant to which Hyundai Motor Group will acquire a controlling interest in Boston Dynamics in a deal that values the mobile robot firm at $1.1 billion.”hyundai.com

• 2 sources
• hyundai.comHyundai Motor Group to Acquire Controlling Interest in Boston Dynamics from SoftBank Group, Opening a New Chapter in the Robotics and Mobility IndustryDec 10, 2020
• financialpost.comHyundai Motor to buy controlling stake in U.S. robot firm from SoftBank - Financial PostDec 11, 2020

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