Hyundai to buy SoftBank’s last Boston Dynamics stake for $325m

Hyundai is preparing to buy out the last piece of Boston Dynamics it does not already own. The South Korean carmaker plans to acquire SoftBank’s remaining 9.65% stake in the US robotics firm for $325m, a deal that would make the maker of the Atlas humanoid a wholly owned Hyundai subsidiary, according to a newspaper report.

The move would close a chapter that began in 2021, when Hyundai took a controlling interest in Boston Dynamics from SoftBank.

The Japanese group kept a minority holding, and the report says it has now told Hyundai it wants to exercise a put option, the right, agreed at the time of the original sale, to sell that remaining stake back. Hyundai is expected to convene a board meeting on 22 June to approve the purchase.

The arithmetic of ownership is already lopsided. Hyundai Motor Group, including affiliates Hyundai Motor, Kia, Hyundai Mobis, and Hyundai...

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