Hyundai confirms its $1.1 billion acquisition of Boston Dynamics

Boston Dynamics is now officially part of Hyundai Motor Group. The Korean conglomerate has struck a deal with Softbank to acquire a controlling interest — an 80 percent stake — in the robotics company for $1.1 billion. According to their announcement, Hyundai decided to purchase a controlling stake in the robotics firm, because it “possesses multiple key technologies for high-performance robots equipped with perception, navigation, and intelligence.”