BlockBeats News, June 19th - According to South Korea's Daily Economic News report on Friday, Hyundai Motor Group plans to acquire SoftBank Group's remaining 9.65% stake in Boston Dynamics for $325 million, making the American robotics company its wholly-owned subsidiary.
Hyundai is expected to hold a board meeting on June 22nd to approve the acquisition. The report cited unnamed industry sources.
SoftBank has informed Hyundai of its plans to exercise the "put option" agreed upon when selling its Boston Dynamics shares earlier to sell its remaining stake.
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