Hyundai to Take Full Control of Boston Dynamics in $325M Deal, Expanding Robotics Push

Hyundai Motor Group plans to acquire SoftBank's remaining 9.65% stake in Boston Dynamics for $325 million, making the U.S. robotics company a wholly owned Hyundai subsidiary. Hyundai already controls more than 90% of Boston Dynamics through CEO Euisun Chung and affiliates including Kia, Hyundai Mobis, and Hyundai Glovis. SoftBank intends to sell its stake under an agreement tied to Hyundai’s 2020 acquisition, with a board meeting expected on June 22 to approve the deal. Boston Dynamics is known for Spot, Atlas, and Stretch, serving industrial, logistics, and automation sectors as Hyundai deepens its robotics footprint.