SoftBank sells controlling stake in Boston Dynamics to Hyundai

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Japan's SoftBank Group will sell an 80 percent stake in robotics firm Boston Dynamics to Hyundai, the trio said Friday, in a deal that values the ...

Boston Dynamics has drawn huge attention with viral videos of its humanoid and dog-like robots. TOKYO: Japan's SoftBank Group will sell an 80 per cent stake in robotics firm Boston Dynamics to Hyundai, the trio said on Friday , in a deal that values the US company at US$1.1 billion.

The Japanese conglomerate will keep a 20 per cent stake through one of its affiliates and will work with South Korea's Hyundai to"propel development and commercialisation of advanced robots", the companies said.

 

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