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Hyundai completes Boston Dynamics purchase from SoftBank

Hyundai completes Boston Dynamics purchase from SoftBank
Hyundai completes Boston Dynamics purchase from SoftBank   -   Copyright  Thomson Reuters 2021
By Reuters

TOKYO – SoftBank Group Corp said on Monday South Korea’s Hyundai Motor Group had completed the acquisition of robotics firm Boston Dynamics from the Japanese conglomerate.

The deal, which was announced last December and valued the maker of the “Spot” robot at $1.1 billion, gives Hyundai an 80% stake with SoftBank retaining the remaining 20%.

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