Hyundai buys out SoftBank’s 10% stake in Boston Dynamics

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Hyundai Motor ( HYMLF ) is set to make U.S.-based Boston Dynamics a wholly owned subsidiary. The automotive giant announced Thursday it will acquire SoftBank's ( SFTBY ) ~10% stake to help integrate advanced robotics throughout its business, according to reports.

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Hyundai Motor is set to acquire a 10% stake in Boston Dynamics from SoftBank. Hyundai Motor has said it has decided to acquire the stake to integrate advanced robotics technology across its businesses.

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This move is expected to boost investment in Hyundai Motor's electrification strategy and robotics technology development.

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