Hyundai Motor Group is set to acquire SoftBank’s remaining stake in Boston Dynamics, a leading robotics company, for $325 million. This deal will result in Hyundai owning 100% of Boston Dynamics, making it a wholly-owned subsidiary. The acquisition involves a 9.65% stake previously held by SoftBank Group. The move signals Hyundai’s increased investment in the robotics sector and its ambitions to expand beyond automotive manufacturing. The Maeil Business Newspaper first reported the planned acquisition on Friday. Financial details were confirmed by sources familiar with the transaction. This purchase is expected to bolster Hyundai’s capabilities in developing advanced robotics technologies.
