Hyundai completes Boston Dynamics purchase from SoftBank (updated)

Hyundai Glovis

21/06/2021 10:40

(Adds details of deal)
    TOKYO, June 21 (Reuters) - SoftBank Group Corp  9984.T  said
on Monday South Korea's Hyundai Motor Group had completed the
acquisition of robotics firm Boston Dynamics from the Japanese
conglomerate. 
    The deal, which was announced last December and valued the
maker of the "Spot" robot at $1.1 billion, gives Hyundai an 80%
stake with SoftBank retaining the remaining 20%.  urn:newsml:reuters.com:*:nL1N2IR04X

 (Reporting by Sam Nussey; Editing by Edmund Blair and Louise
Heavens)
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