Hyundai Acquires 80% Stake in Boston Dynamics for $1.1 Billion
takyon writes:
Hyundai takes control of Boston Dynamics in $1.1B deal
Hyundai is officially purchasing a controlling stake in robot maker Boston Dynamics from SoftBank in a deal that values the company at $1.1 billion, the company announced today. The deal has been in the works for a while, according to recent a report from Bloomberg, and marks a major step into consumer robotics for Hyundai. Hyundai is taking approximately an 80 percent stake in the company while its previous owner, Softbank, will retain around 20 percent through an affiliate.
Hyundai says its investment will help its development of service and logistics robots, but that over time it hopes to build more humanoid robots for jobs like "caregiving for patients at hospitals." Other areas of interest include autonomous driving and smart factories.
EF could not be reached for comment.
Previously: Google to Sell Robotics Group Boston Dynamics
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SoftBank Acquires Boston Dynamics and Schaft From Google
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Boston Dynamics' Dog-Like Robot Spotted in Chernobyl
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