Hyundai Motor to buy 80% stake in Boston Dynamics
Bloomberg
Hyundai Motor Group agreed to buy a controlling stake in Boston Dynamics Inc in a deal that values the mobile robot firm at US$1.1 billion.
Hyundai Motor Group, along with some associated companies and chairman Euisun Chung, is to acquire an 80 percent interest in the US robotics company from Softbank Group Corp, leaving the Japanese firm with a 20 percent share, the companies said in a statement on Friday.
South Korean conglomerate Hyundai Motor Group has been beefing up its research in robotics as it expands further into electric and autonomous vehicles.