# 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%.

- Type: Acquisition
- Announced: 2020-12-11
- Where: United States
- Value: $1.10B
- Status: announced
- Products: mobile robots
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Hyundai Motor Company](https://endata.com/companies/6382.md) (acquirer)
- [SoftBank Group](https://endata.com/companies/15862.md) (partner)
- [Boston Dynamics](https://endata.com/companies/24800.md) (target)

## Sources

- [hyundai.com](https://www.hyundai.com/worldwide/en/newsroom/detail/0000000577), 2020-12-10: "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."
- [financialpost.com](https://financialpost.com/press-releases/hyundai-motor-to-buy-controlling-stake-in-u-s-robot-firm-from-softbank-3/), 2020-12-11: "Hyundai Motor Group and its chairman have agreed to buy a controlling stake in Boston Dynamics from SoftBank Group Corp in a deal that values the U.S.-based robot maker at $1.1 billion."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.