Boston Dynamics sells to Hyundai Motor Group at $1.1 billion Bargain

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  [charge: Boston Dynamics ]

Fresh from selling ARM into Nvidia for about $40 billion, Softbank is divesting itself with a brassy firm. This time it’s selling Boston Dynamics,” the advanced robotics business, to Hyundai Motor Group. Hyundai is getting an 80% stake in Boston Dynamics in a deal valuing the business at $1.1 billion. Softbank will maintain a 20 percent stake.

Boston Dynamics was phased from MIT as a private firm in 1992 and lived for quite a while on military contracts. The business became famous by discussing its own function on its own YouTube station , in which the better-than-sci-fi robot footage will faithfully move viral. Google purchased Boston Dynamics at 2013 with a strategy to construct a robotics branch, however since Google is not to perform , it lost interest in robotics and opted to market the business into Softbank at 2017. Softbank had a much briefer relationship with Boston Dynamics compared to Google, and it had been made to sell the firm after its own investments at Uber, WeWork, along with also the now-dead satellite-broadband supplier OneWeb tanked. With luck, this sale implies Boson Dynamics has found a steady home.