technology
Hyundai to acquire remaining Boston Dynamics stake from SoftBank for $325 million
Hyundai Motor Group will purchase the final 9.65 percent of Boston Dynamics from SoftBank Group. The transaction gives the South Korean automaker complete ownership of the U.S. robotics firm.
SA
wallethacks.comAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Hyundai Motor Group will acquire the remaining 9.65 percent stake in Boston Dynamics from SoftBank Group for $325 million, investment banking sources said Friday. The purchase ends a series of transactions that began when Hyundai first bought an 80 percent interest in the U.S. robotics company from SoftBank in late 2021.
Background on prior ownership changes Hyundai Motor Group Chairman Chung Euisun took a 20 percent personal stake as part of the original deal structure. The company has since used Boston Dynamics to develop industrial applications for its humanoid robot Atlas.
Planned factory deployment Hyundai Motor Group plans to place about 25,000 Atlas units in its manufacturing plants beginning in 2028. The pricing target for each robot is set below the two-year payroll cost of two U.S. factory workers, approximately $320,000. The acquisition is expected to support Boston Dynamics' preparation for a potential public offering.
Transparency
1 source · single source
CorroborationLimited · 1 source
