Hyundai Closes Deal on Robot Maker Boston Dynamics

Last week, Massachusetts-based robot maker Boston Dynamics announced that it was becoming part of the South Korean Hyundai family, subject to all the usual regulatory requirements and formal approval inherent in international acquisitions. The huge $1.1 billion deal will see Hyundai Motor Group take an 80% stake in the company, with SoftBank controlling the leftover 20%. It’s the latest in a series of notable sales by the Japanese multinational conglomerate holding company SoftBank. In September, SoftBank made the news when it announced the sale of Arm Holdings to NVIDIA for $40 billion.

Source: In Yet Another Acquisition for Boston Dynamics, Hyundai Closes Deal on Robot Maker – News