The deal described below has
been finalized, and Hyundai has completed its acquisition of Boston Dynamics.
Hyundai owns 80 percent of the company, while a 20 percent stake is retained by
"one of [the company's] affiliates. "
Hyundai
Motor Company inked a $1.1 billion deal to acquire a controlling stake in Boston Dynamics, the robotics company you probably know
as the maker of those unsettling four-legged robots that terrify and delight
YouTube browsers. (And which you
can buy for
just shy of $75,000—or more for enterprise versions.) Those quadrupeds as a
whole likely have little to do with Hyundai Motor's automotive aspirations, but
you can bet the automaker is after the robots' software.
Read Full Story At motortrend.com >>
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