Hyundai takes full control of Boston Dynamics as SoftBank exits for $325 million
Hyundai Motor Group has purchased SoftBank's remaining 9.65% stake in Boston Dynamics for $325 million. The Waltham, Massachusetts robotics firm is now a wholly owned subsidiary of the automaker. This transaction closes a put option SoftBank held after Hyundai bought 80% control in 2021.
What changed
New details confirm the specific stake size as 9.65% and outline a 2028 deployment goal for Atlas robots.
Live updates
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Hyundai Acquires Full Ownership of Boston Dynamics for $325 Million
confidence 100%Hyundai Motor Group has purchased SoftBank's remaining 9.65% stake in Boston Dynamics for $325 million. The Waltham, Massachusetts robotics firm is now a wholly owned subsidiary of the automaker. This transaction closes a put option SoftBank held after Hyundai bought 80% control in 2021.
What's confirmed:
- Hyundai Motor Group acquired SoftBank's remaining 9.65% stake in Boston Dynamics for $325 million.
- Boston Dynamics is now a wholly owned subsidiary of Hyundai.
- The robotics company is based in Waltham, Massachusetts.
- The deal closes a put option SoftBank retained from a 2021 transaction where Hyundai bought 80% control.
- Hyundai plans to deploy Atlas humanoid robots in factories by 2028.
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Hyundai to Acquire Full Control of Boston Dynamics
confidence 90%Hyundai Motor Group is purchasing the remaining stake in Boston Dynamics from SoftBank. The deal is valued at $325 million. This move makes the robotics company a wholly owned subsidiary of Hyundai.
What's confirmed:
- Hyundai is taking full control of Boston Dynamics as SoftBank exits.
- The cost of the acquisition is $325 million.
- Hyundai is buying SoftBank's remaining stake in the company.
Still unconfirmed:
- Hyundai will buy all remaining shares totaling 9.65%.
- Maeil reports the acquisition citing sources.