Hyundai completes Boston Dynamics purchase from SoftBank By Reuters

June 21, 2021 admin Stock News 0

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© Reuters. FILE PHOTO: A Boston Dynamics’ four-legged robot Spot is shown as a prototype which is using an experimental 5G network to work in several industrial environments such as forest, agricultural, mining and construction places, according to the organisers, i

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TOKYO (Reuters) – SoftBank Group Corp said on Monday South Korea’s Hyundai Motor Group had completed the acquisition of robotics firm Boston Dynamics from the Japanese conglomerate.

The deal, which was announced last December and valued the maker of the “Spot” robot at $1.1 billion, gives Hyundai an 80% stake with SoftBank retaining the remaining 20%.

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