Hyundai has officially confirmed the purchase of 80% of Boston Dynamics: the price of the issue is $ 1.1 billion

This week, the media, citing their own sources, reported that the South Korean automobile company

Hyundai Motor is buying robot maker Boston Dynamics. Now Hyundai officially confirms this information.

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As a result of the transaction, Hyundai will receive controla package with 80% of Boston Dynamics shares, the remaining 20% ​​will remain with the current owner SoftBank. It will cost Hyundai US$1.1 billion, although a lower figure was initially reported.

The statement said Hyundai's investmentwill help in the development of robots for service and logistics purposes. The company also plans to develop humanoid robots to care for patients in hospitals and is interested in the areas of autonomous driving and smart factories. In turn, Boston Dynamics talks about its “mission to push the boundaries of what modern robots can do and create useful use cases in a smarter and more connected world.”

The deal should be closed by June 2021, but subject to regulatory approval.

Let us remind you that Hyundai will become the third owner of Boston Dynamics after Google (2013) and SoftBank (2017).

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