The acquisition of Boston Dynamics by Hyundai Motor Group raises its valuation to $1.1 billion. Dec 16, 2020 11:40:34 IST Hyundai Motor Group and SoftBank Group Corp (SoftBank) on 11 December 2020 announced their acquisition of a controlling stake in Boston Dynamics in a deal that values the mobile robot firm at $1.1 billion. Financial terms were not disclosed. Under the agreement, Hyundai Motor Group will hold an approximately 80 percent stake in Boston Dynamics and SoftBank, through one of its affiliates, will retain an approximately 20 percent stake in Boston Dynamics after the closing of the transaction. Hyundai Motor Group's affiliates, namely, Hyundai Motor Co, Hyundai Mobis Co and Hyundai Glovis Co, and Hyundai Motor Group Chairman Euisun Chung respectively participated in the acquisition.