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Hyundai Motor to Buy SoftBank's Remaining Stake in Boston Dynamics
The deal gives Hyundai full control of Boston Dynamics and speeds up robotics expansion and IPO preparations, the company said.
- On Thursday, Hyundai Motor Group announced plans to acquire SoftBank Group's remaining 9.65 percent stake in Boston Dynamics Inc, granting The South Korean automotive group full ownership of the robotics company.
- The acquisition follows SoftBank's decision to exercise a put option included in their 2020 sale agreement, when Hyundai Motor Group originally purchased an 80 percent stake for around 1 trillion won .
- Excluding SoftBank, HMG Global holds 56.3 percent stake, while Hyundai Motor Group Executive Chair Chung Euisun holds 22.5 percent, as the group builds an end-to-end AI robotics value chain combining manufacturing with Boston Dynamics' expertise.
- The transaction is estimated to be worth about 500 billion won, and full ownership simplifies future capital-raising and listing structures by removing the final outside shareholder before a potential IPO.
- Securities firms remain skeptical of an imminent IPO, noting SoftBank would likely have retained its stake if a listing were near; the company plans to deploy Boston Dynamics Atlas for parts assembly by 2030.
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Hyundai plans to purchase the remaining participation of the SoftBank Group in Boston Dynamics, deepening its progress in physical and robotic artificial intelligence. Exclusive material for subscribers. To have full access, access the link of the material and register.
·Rio de Janeiro, Brazil
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Coverage Details
Total News Sources23
Leaning Left2Leaning Right7Center6Last UpdatedBias Distribution47% Right
Bias Distribution
- 47% of the sources lean Right
47% Right
13%
C 40%
R 47%
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