Hyundai to Buy SoftBank's Remaining 9.65% Boston Dynamics Stake for $325M, Taking Full Ownership
Summary
Hyundai plans to acquire SoftBank's remaining 9.65% stake in Boston Dynamics for $325M, making it a wholly owned subsidiary pending board approval on June 22. The deal implies a $3.4B valuation — more than triple the $1.1B price when Hyundai first acquired an 80% stake in 2020.
Originally reported by Invezz
Read the original article →Original headline: Hyundai to Buy SoftBank's Remaining 9.65% Boston Dynamics Stake for $325M, Taking Full Ownership