Hyundai Buys Boston Dynamics From SoftBank In $1.1 Billion Deal
south korean car giant hyundai motor institution has agreed to buy a controlling stake in boston dynamics, in a deal that values the u.s.-based robotic maker at $1.1 billion, from softbank organization. https://www.pcmag.com/news/netflix-stops-working-on-wii-u-and-3ds-after-june-30 boston dynamics stated in a announcement that hyundai will preserve an eighty% stake in the company, while softbank will maintain the last 20%. hyundai is led through chairman euisun chung, who's one of the richest men in korea, with a net worth of $3.5 billion. the deal will leverage boston dynamics’ and hyundai’s respective strengths in production, logistics and automation, the statement said, in addition to “lend synergies” to self sufficient motors. hyundai, which is the second-biggest conglomerate in korea after samsung, has bold plans to invest greater than $50 billion over the following five years to grow to be a "smart mobility answer provider," a wide plan that consists of driverless v