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Hyundai Motor Buys 80% of Robotics Firm Boston Dynamics Bloomberg 12/11/2020 Kyunghee Park © Bloomberg A Boston Dynamics Inc. Atlas humanoid robot is displayed at the SoftBank Robot World 2017 in Tokyo, Japan, on Tuesday, Nov. 21, 2017. SoftBank Chief Executive Officer Masayoshi Son has put money into robots, artificial intelligence, microchips and satellites, sketching a vision of the future where a trillion devices are connected to the internet and technology is integrated into humans. (Bloomberg) Hyundai Motor Group agreed to buy a controlling stake in Boston Dynamics Inc. in a deal that values the mobile robot firm at $1.1 billion. Hyundai Motor Group, along with some associated companies and Chairman Euisun Chung, will acquire an 80% interest in the U.S. robotics company from SoftBank Group Corp., leaving the Japanese firm with a 20% share, the companies said in a statement Friday. The deal was first reported by Bloomberg News in November.

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