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South Korean conglomerate Hyundai is going to buy Boston Dynamics
10.eleven.2021 [01:59],
Vladimir Fetisov

Japanese holding company SoftBank Group Corp. negotiating the sale of the developer and manufacturer of Boston Dynamics robots to the South Korean automaker Hyundai Motor Co. This was reported by Bloomberg, citing its own informed sources.

According to reports, the deal to acquire Boston Dynamics could cost Hyundai up to $ 1 billion. This was reported by one of the sources of the publication, who emphasized that the terms of the deal have not yet been agreed upon, so it is too premature to say that it will take place.

The sale of Boston Dynamics to South Korean Hyundai could be another landmark turn in the history of the company, which left the Massachusetts Institute of Technology in the early 90s. For a long time Boston Dynamics worked independently, but in 2021 it became the property of Google, and then, in 20021, it was sold to SoftBank.

The source notes that despite the popularity of the Boston Dynamics Spot robots on the Internet, they have not become profitable from a commercial point of view. In contrast, Hyundai is also engaged in the production of practical industrial robots that are designed for use in factories.

As for the deal, officials from Boston Dynamics, Hyundai and SoftBank declined to comment on the matter. Hyundai noted that the company is “continually exploring various investment and partnership opportunities.”. Boston Dynamics said the company’s work “continues to inspire partners interested in deepening business relationships.”.

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