Hyundai Motor buys robot maker Boston Dynamics from SoftBank for $ 921 million

The South Korean automobile company Hyundai Motor is buying the American robot manufacturer Boston Dynamics.

What
Known

The information was shared by The Korea Economic Daily, citing a reliable source. According to him, the transaction amount is $921 million. It should be completed on December 10. That is today.

By the way, Boston Dynamics was the firstacquisition of Hyundai Motor, led by new chairman Chung Euisun. He took office in October last year. According to the company's plans, robotics, along with electric vehicles and hydrogen vehicles, will be one of Hyundai's main priorities in the coming years. The manufacturer plans to invest $1.4 billion in this industry by 2025.

If you, suddenly, did not know

Hyundai Motor will become the third owner of Boston Dynamics. The company was founded in 1992. In 2014, it was bought by Google, and in 2017, the robot manufacturer was sold to the Japanese holding SoftBank.

Source: The Korea Economic Daily

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