Hyundai Motor Group Plans to Acquire SoftBank's Remaining Stake in Boston Dynamics for $325 Million
On June 19, South Korea's Daily Economic News reported that Hyundai Motor Group plans to acquire SoftBank Group's remaining 9.65% stake in Boston Dynamics for $325 million, making the American robotics company a wholly-owned subsidiary. Hyundai is expected to hold a board meeting on June 22 to approve the acquisition. The report cited unnamed industry sources. SoftBank has informed Hyundai of its intention to exercise the 'put option' agreed upon during the previous sale of Boston Dynamics shares to sell its remaining holdings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Omega Flex CFO Matthew Francis Unger acquires $25,420 of common shares
US ETF Industry Hits Record Assets Under Management for August, LSEG Says
Capricor Therapeutics Shares Rise After Upgrade From B. Riley
Modine Manufacturing Insider Sold Shares Worth $776,372, According to a Recent SEC Filing
Crypto prices
More
