Hyundai Motor Chief to Raise Boston Dynamics Stake, Fueling Nasdaq IPO Prospect
4 Articles
4 Articles
Hyundai Motor Group Chairman Chung Eui-sun is investing an additional 120 billion won from his personal funds to increase his stake in robotics affiliate Boston Dynamics to 25%. With Hyundai Motor Group securing a 100% stake in Boston Dynamics, it is expected that the push for its physical artificial intelligence (AI) business and initial public offering (IPO) will gain momentum. According to the securities and business sectors on the 19th, Chai…
(Seoul = Yonhap News) Reporter Hong Kyu-bin = Hyundai Motor Group Chairman Chung Eui-sun will inject an additional 120 billion won from his personal funds to raise his stake in Boston Dynamics to the 25% range...
[Digital Daily Reporter Wang Jin-hwa] Hyundai Motor Group Chairman Chung Eui-sun is injecting an additional 120 billion won of his personal funds into Boston Dynamics to increase his stake to approximately 25%. As Hyundai Motor Group also pursues a plan to jointly acquire the remaining stake held by SoftBank, Boston Dynamics is expected to become a wholly owned subsidiary of the group. According to business and securities circles on the 19th, …
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