Hyundai to buy SoftBank's remaining Boston Dynamics stake for $325M, paper says

• The $325 million acquisition will give Hyundai 100% ownership of Boston Dynamics, up from the current 90% stake held by the group and its affiliates
• SoftBank is exercising put option rights agreed upon when it initially sold Boston Dynamics to Hyundai
• Hyundai Motor Group's ownership includes stakes held by Chairman Euisun Chung and affiliates Hyundai Motor, Kia, Hyundai Mobis, and Hyundai Glovis

Summary: Hyundai to Acquire SoftBank's Remaining Boston Dynamics Stake

Key Transaction Details:

Hyundai Motor Group plans to purchase SoftBank Group's remaining 9.65% stake in Boston Dynamics for $325 million, making the U.S. robotics company a wholly owned subsidiary. A Hyundai board meeting is expected on June 22 to approve the acquisition, according to South Korea's Maeil Business Newspaper.

Current Ownership Structure:

Hyundai Motor Group entities—including Group Executive Chair Euisun Chung and affiliates Hyundai Motor, Kia, Hyundai Mobis, and Hyundai Glovis—currently own just over 90% of Boston Dynamics.

Transaction Background:

The sale is being initiated through a put option that SoftBank negotiated during the original transaction when it sold Boston Dynamics to Hyundai. SoftBank has reportedly exercised its rights under this provision to sell its remaining stake.

Companies Involved:

• Hyundai Motor Group (buyer): South Korean automotive conglomerate
• SoftBank Group (seller): Japanese technology investment firm
• Boston Dynamics (target): U.S.-based robotics manufacturer known for advanced robotic systems

Market Implications:

This acquisition signals Hyundai's continued commitment to robotics technology and vertical integration in automation. The move consolidates full control of Boston Dynamics under Hyundai's umbrella, potentially accelerating development of robotics applications in manufacturing, logistics, and mobility sectors. For SoftBank, this represents an exit from its minority position in Boston Dynamics, consistent with the firm's portfolio management strategy.

Neither Hyundai Motor nor SoftBank has officially commented on the reported transaction as of the June 19 announcement date.