Hyundai Motor Group chairman, units to buy Boston Dynamics from SoftBank for up to $828m - source

Hyundai Glovis

11/12/2020 02:15

SEOUL, Dec 11 (Reuters) - Hyundai Motor Group units and its
chairman have agreed to buy an 80% stake in robot maker Boston
Dynamics from SoftBank Group Corp  9984.T  for around 800
billion won to 900 billion won ($736 million-$828 million), one
person familiar with the matter told Reuters on Friday.
    Chairman Euisun Chung will own a 20% stake in Boston
Dynamics, while Hyundai Motor  005380.KS  and its affiliates,
Hyundai Mobis  012330.KS  and Hyundai Glovis  086280.KS , will
hold a combined 60% stake, two people said.
    Both Hyundai Motor and SoftBank declined to comment. 
($1 = 1,087.2200 won)

 (Reporting by Hyunjoo Jin and Heekyong Yang, Kane Wu,
Additional reporting by Sam Nussey in Tokyo; Editing by Sam
Holmes)
 ((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters
Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net))