Hyundai Motor Group chairman, items to purchase Boston Dynamics from SoftBank for as much as $828 million: supply


© Reuters. FILE PHOTO: The emblem of SoftBank Group Corp is displayed at SoftBank World 2017 convention in Tokyo


SEOUL (Reuters) – Hyundai Motor Group items and its chairman have agreed to purchase an 80% stake in robotic maker Boston Dynamics from SoftBank Group Corp for round 800 billion gained to 900 billion gained ($736 million-$828 million), one particular person acquainted with the matter instructed Reuters on Friday.

Chairman Euisun Chung will personal a 20% stake in Boston Dynamics, whereas Hyundai Motor and its associates, Hyundai Mobis and Hyundai Glovis, will maintain a mixed 60% stake, two folks mentioned.

Each Hyundai Motor and SoftBank declined to remark.

Disclaimer: Fusion Media want to remind you that the info contained on this web site just isn’t essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs are usually not offered by exchanges however somewhat by market makers, and so costs might not be correct and should differ from the precise market worth, which means costs are indicative and never applicable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any duty for any buying and selling losses you would possibly incur because of utilizing this knowledge.

Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or injury because of reliance on the data together with knowledge, quotes, charts and purchase/promote alerts contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is likely one of the riskiest funding types attainable.


Please enter your comment!
Please enter your name here