9 ms·
Hyundai Motor is in talks to acquire Boston Dynamics from SoftBank Group. The deal could be worth as much as $1 billion. Boston Dynamics was founded in 1992 as
by stowie1012 6y ago
Hyundai Motor is in talks to acquire Boston Dynamics from SoftBank Group. The deal could be worth as much as $1 billion.
Boston Dynamics was founded in 1992 as a spin-off out of the Massachusetts Institute of Technology. It was acquired by Google in 2013 and sold to Softbank in 2017. The company has mainly operated as an R&D organization since it was founded. But a new emphasis on commercialization was evident after it was acquired by Softbank.
If the deal comes to fruition, it would be another in a string of non-core asset sales by Tokyo-based Softbank Group. The Japanese conglomerate has been hit hard by a series of soured bets, including WeWork and Uber Technologies. In September 2020, Softbank sold Arm to NVIDIA for $40 billion.