Hyundai takes full control of Boston Dynamics as SoftBank exits for $325 million
Hyundai Motor Group is set to acquire full ownership of robotics firm Boston Dynamics as SoftBank divests its remaining stake.
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The brief
Hyundai Motor Group is moving to acquire the remaining shares of Boston Dynamics held by SoftBank. This transaction will transition the robotics company into a wholly owned subsidiary of the automotive group.
Coverage from Reuters, Yahoo Finance, and Mobile World Live confirms the deal is valued at $325 million. Reports from Gadget Review, Startup Fortune, and Maeil Business Newspaper emphasize the total transfer of control from the current stakeholder to Hyundai.
Next steps involve the completion of the share transfer. Coverage does not yet specify a final closing date for the transaction.
Synthesized by PULSE from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 136d ago.
Quick answers
What is the total value of the transaction?
The acquisition is valued at $325 million.
Who is selling their stake?
SoftBank is exiting its position by selling its remaining shares.
What will be the ownership status of Boston Dynamics?
Following the acquisition, Boston Dynamics will become a wholly owned subsidiary of Hyundai Motor Group.
Coverage (6)
- Hyundai to buy SoftBank's remaining stake in Boston Dynamics for $325 million, newspaper says Yahoo Finance · 139d ago
- SoftBank Walks Away From Boston Dynamics for $325 Million, Hands Hyundai The Keys Gadget Review · 139d ago
- SoftBank tipped to cash out of Boston Dynamics Mobile World Live · 139d ago
- [Exclusive] Hyundai Motor Group to Buy More Boston Dynamics Shares, Making It a Wholly Owned Subsidiary 매일경제 · 139d ago
- Hyundai to buy SoftBank's remaining stake in Boston Dynamics for $325 mln, newspaper says Reuters · 139d ago
- Hyundai takes full control of Boston Dynamics as SoftBank exits for $325 million Startup Fortune · 139d ago
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