# Hyundai Motor Group to Acquire Full Ownership of Boston Dynamics
Hyundai Motor Group has agreed to purchase SoftBank's remaining stake in Boston Dynamics, making the robotics company wholly owned by the South Korean automotive conglomerate. The transaction will result in Hyundai gaining complete control of the company, which has become known for developing advanced humanoid and mobile robots.
The acquisition consolidates Hyundai's ownership of Boston Dynamics, following the company's initial investment in the robotics firm. SoftBank, which had held a significant minority stake, will exit its position in the company through this sale. The financial terms of the transaction were not disclosed in available reports.
This move underscores Hyundai Motor Group's strategic commitment to the robotics sector as part of its broader diversification beyond traditional automotive manufacturing. Boston Dynamics, originally spun out from MIT, has gained recognition for its work on robotics technology including its Spot robot and humanoid platforms. The acquisition provides Hyundai with full control over the company's research, development, and commercialization efforts.
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