Friday, 24 March, 2023

Hyundai buys controlling interest in robot maker Boston Dynamics

<p>Boston Dynamics said that South Korean Hyundai Motor Group is acquiring a controlling stake in the company valuing the robot maker at $1.1 bn. Hyundai will have an 80% stake in the company while SoftBank will control the remaining 20%. The transaction marks the popular quadruped robot maker - Spot&rsquo;s third change of hands in the past seven years. Google and Softbank were the two previous owners of the company. The deal is expected to close in by June.</p>