Hyundai Motor Group (HMG) is seeking to bring Boston Dynamics fully under its ownership, moving to acquire SoftBank Group's remaining holding in the US robotics firm.
The group confirmed it intends to purchase SoftBank's entire stake in Boston Dynamics under terms set out in the parties' existing agreements.
The move follows SoftBank's decision to exercise its put option, after which the relevant shareholders began examining contractual rights and obligations through their respective internal governance and approval processes.
HMG said it had been evaluating options to increase its stake in Boston Dynamics as part of a broader, long-term robotics strategy, aimed at deepening collaboration with the company and reinforcing its own robotics capabilities.
Several media report estimates have put the value of the transaction at around $325m for SoftBank's 9.9% holding.
The group confirmed it intends to purchase SoftBank's entire stake in Boston Dynamics under terms set out in the parties' existing agreements.
The move follows SoftBank's decision to exercise its put option, after which the relevant shareholders began examining contractual rights and obligations through their respective internal governance and approval processes.
HMG said it had been evaluating options to increase its stake in Boston Dynamics as part of a broader, long-term robotics strategy, aimed at deepening collaboration with the company and reinforcing its own robotics capabilities.
Several media report estimates have put the value of the transaction at around $325m for SoftBank's 9.9% holding.
3 months ago
