On Monday, in a statement SoftBank Group Corp said, Hyundai Motor Group has completed the acquisition of Boston Dynamics, a robotics firm, from the Japanese conglomerate.

The deal, announced in December 2020, valued Boston Dynamics at $1.1 billion, and saw Hyundai buy a controlling 80% stake in the company with SoftBank retaining the balance 20%.

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Tags: acquisition, Boston Dynamics, controlling stake, Hyundai Motor Group, Japanese conglomerate, M&A, mergers, robotics, Softbank Group Corp, valuation