Hyundai Acquires SoftBank's Stake in Boston Dynamics for $325 Million
Hyundai Motor Group has acquired a remaining ~10% stake in Boston Dynamics from SoftBank, making it a wholly owned subsidiary. The deal is valued at approximately $325 million and values the robotics company at around $3.3 billion. Hyundai aims to integrate Boston Dynamics' AI expertise with its operations for commercialization of Physical AI technologies.
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Topics: acquisition Boston Dynamics Hyundai Motor Group robotics SoftBank