alt Hacker NewsBack in December 2020, Hyundai purchased an 80% controlling interest in Boston Dynamics from SoftBank for $880 million, part of a transaction that valued the robotics company at $1.1 billion. That agreement included a put option allowing SoftBank to sell its remaining stake to Hyundai at a later date.
SoftBank has now exercised that option.
Replies
dgellow • today at 7:21 PM
That feels so low of a price when compared to the insane valuation people attribute to Tesla robots
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downrightmike • today at 7:15 PM
Softbank is bleeding money and they need cash, AI isn't shaping up to what they thought it would be
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Oh. It's Softbank exiting humanoid robotics at Softbank's discretion. That's a lot different than " Hyundai buys Boston Dynamics". Hyundai bought them years ago. This is just the last 8%.