Modern car company will acquire Softbank's stake in Boston Dynamics.
According to a report by the South Korean newspaper "Daily Economic News" quoting anonymous sources, the Hyundai Motor Group will spend $325 million to acquire Softbank's 9.65% stake in Boston Dynamics, achieving full ownership of the robot company. Hyundai Motor will hold a board meeting on June 22 to review and approve the equity acquisition plan. As the deadline for the put option approaches, Softbank has recently informed Hyundai Motor Group of its intention to sell this portion of its shares. When Softbank sold Boston Dynamics to the Hyundai Motor Group in the past, it retained some shares and included a sell option clause.
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