Hyundai to buy Boston Dynamics's final 9.65% for $325 million
Business
Hyundai Motor Group plans to buy the last 9.65% stake in Boston Dynamics from SoftBank for $325 million.
Once the deal goes through, likely after Hyundai's board meeting on June 22, Hyundai will fully own the robotics company known for its futuristic robots.
Hyundai pursues car and robot collaboration
Hyundai Motor Group and its affiliates already own over 90% of Boston Dynamics, and have been working to bring robotics into their business under Group Executive Chair Euisun Chung.
With this move, expect even more collaboration between Hyundai's cars and Boston Dynamics's cutting-edge robot tech.
Neither company has commented yet, but all eyes are on what they'll build together next.