Hyundai To Acquire Boston Dynamics For Nearly $1 Billion

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    According to The Robot Report, citing The Korea Economic Daily, Hyndai will finalize its acquisition of Boston Dynamics on December 10th. A source familiar with the deal said the acquisition is for about $1 billion. From the report: Robotics has become a bigger focus for Hyundai since Chung Euisun was named chairman in October. The company has since said robotics will account for 20% of its future business. Hyundai Robotics was founded in 2017, but it officially launched earlier in 2020. The company’s automotive group invested in autonomous vehicle startup 42dot and Realtime Robotics in 2019. Hyundai has also created a $4 billion autonomous vehicle joint venture with Aptiv. It is not yet clear how Boston Dynamics will fit into Hyundai, which becomes the third owner of Boston Dynamics in seven years. It was acquired by Google in 2013 and sold to Softbank Group in 2017. The RBR50 company has mainly operated as an R&D organization since it was founded. But a new emphasis on commercialization was evident after it was acquired by Softbank. Read more of this story at Slashdot.

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