Hyundai to buy SoftBank's remaining stake in Boston Dynamics for $325 million: Media report

Hyundai Motor Group plans to buy SoftBank Group's remaining 9.65% stake in Boston Dynamics for $325 million to make the U.S. robotics firm a ‌wholly owned ⁠subsidiary, ⁠South Korea's Maeil Business Newspaper reported on Friday.

Hyundai Motor is expected to convene a ​board meeting on June 22 to approve the purchase, the newspaper ​said, citing unnamed ⁠industry sources.

The ‌report said SoftBank had ​told ​Hyundai that it would ⁠like to exercise its rights to ​sell its remaining stake in ​Boston Dynamics under a put option agreed when it sold Boston Dynamics to Hyundai.


Hyundai Motor and SoftBank did not immediately ‌respond to requests for comment.

Hyundai Motor Group, including Group Executive ​Chair ​Euisun Chung ⁠and affiliates Hyundai Motor, Kia, Hyundai Mobis and Hyundai Glovis, already own just ​over 90% of the robot maker, the report said.