An infographic outlines the periods for SoftBank and Hyundai Motor Group to exercise options involving SoftBank’s remaining stake in Boston Dynamics. Information shared by Hyundai Motor Group, Hyundai Glovis and Financial Supervisory Service. Infographic by Asia Today and translated by UPI
June 23 (Asia Today) -- Hyundai Motor Group is preparing to acquire SoftBank Group's remaining stake in Boston Dynamics, a move that could give the South Korean automotive group full control of the U.S. robotics company.
Hyundai Motor Group is reviewing plans to purchase SoftBank's remaining stake of about 10% if the Japanese investment company exercises a put option allowing it to sell the shares, industry sources said Tuesday.
The group could also exercise a call option to acquire the shares if SoftBank does not invoke its right to sell them.
Boards at Hyundai Motor Group affiliates are expected to review the proposed transaction. Market attention has focused particularly on Hyundai Glovis, which holds about 11% of Boston Dynamics.
