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Hyundai takes control of Boston Dynamics in $1.1B deal

Spot [the Robotic Dog] finds a new home

By Katharina Kropshofer, Sara Moraca and Silvia Lazzaris, Wired

Hyundai is officially purchasing a controlling stake in robot maker Boston Dynamics from SoftBank in a deal that values the company at $1.1 billion, the company announced today. The deal has been in the works for a while, according to recent a report from Bloomberg, and marks a major step into consumer robotics for Hyundai. Hyundai is taking approximately an 80 percent stake in the company while its previous owner, Softbank, will retain around 20 percent through an affiliate.

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