Hyundai Motors to pick up robot maker Boston Dynamics
December 11, 2020
Hyundai Motor Group, the automobile unit of the South Korean multinational Hyundai, has agreed to buy an 80% stake in Boston Dynamics from SoftBank Group, in a deal that values the company at $1.1 billion. Softbank, which bought Boston Dynamics from Alphabet in 2017, will keep a 20% stake. The Massachusetts-based company develops humanoid and mobility robots for use in various industries.