SEOUL: Hyundai Motor Group units and its chairman have agreed to buy an 80per cent stake in robot maker Boston Dynamics from SoftBank Group Corp, Hyundai Motor Group said on Friday.
Chung will own a 20per cent stake in Boston Dynamics, while Hyundai Motor and its affiliates, Hyundai Mobis and Hyundai Glovis, will hold a combined 60per cent stake. The deal is the latest pullback by SoftBank from operating businesses as CEO Masayoshi Son focuses on investing.
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