Masayoshi Son, Chairman and CEO of SoftBank Group Corp., speaks during the 'SoftBank World 2026 AX for Japan' technology event in Tokyo, Japan, 14 July 2026. Son spoke on the company's vision for Artificial Intelligence and security risks during SoftBank's largest annual conference, which runs from 14 July to 31 August 2026. Photo by RODRIGO REYES MARIN / EPA
July 16 (Asia Today) -- Hyundai Motor Group said Thursday it will acquire SoftBank Group's remaining stake in Boston Dynamics, a move expected to speed up decision-making and the execution of its physical artificial intelligence strategy.
Hyundai said it has begun reviewing the acquisition process, purchase price and the proportion of shares to be acquired by each existing shareholder.
SoftBank retained a 20% interest in Boston Dynamics when Hyundai acquired a controlling stake in the U.S. robotics company in 2021. Its ownership has since fallen to less than 10% through subsequent capital increases, according to people familiar with the matter.
The transaction follows SoftBank's exercise this month of a put option, which gives it the right to require existing shareholders to purchase its common shares. The option was included in an agreement signed in 2020.
