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

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

2/2 © Reuters. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo © Reuters. FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo 2/2

SEOUL (Reuters) – Hyundai Motor Group units and its chairman have agreed to buy an 80% stake in robot maker Boston Dynamics from SoftBank Group Corp 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 and its affiliates, Hyundai Mobis and Hyundai Glovis, will hold a combined 60% stake, two people said.

Both Hyundai Motor and SoftBank declined to comment.

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