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Hyundai Motor Buys 80% of Robotics Firm Boston Dynamics

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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Hyundai Motor to Acquire 80-pct Stake of Boston Dynamics from SoftBank

Hyundai Motor to Acquire 80-pct Stake of Boston Dynamics from SoftBank Posted on This photo privided by Boston Dynamics shows a maneuverable dog-like robot made by the company. SEOUL, Dec. 11 (Korea Bizwire) – South Korea’s Hyundai Motor Group said Friday its affiliates and its chairman will buy an 80-percent stake, worth up to 900 billion won (US$828 million), in U.S. robotics firm Boston Dynamics Inc. in the latest move to propel its future mobility business. The board of directors at Hyundai Motor and its two affiliates, Hyundai Mobis and Hyundai Glovis, approved the plan to acquire the controlling stake in Boston Dynamics from Japanese investment firm SoftBank Group, Hyundai Motor said in a regulatory briefing.

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Hyundai buys 80% of robotics firm Boston Dynamics

Hyundai buys 80% of robotics firm Boston Dynamics
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