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Automobiles

Hyundai to acquire US robotics firm from SoftBank for $1.1bn

Automaker expects Boston Dynamics to help it pivot to smart mobility

Hyundai Motor's acquisition of Boston Dynamics advances its goal of making robotics and urban air mobility major parts of its business. (Source photos by Reuters) 

SEOUL -- Hyundai Motor will acquire a U.S. robotics company from Japanese tech group SoftBank in a deal that helps the South Korean carmaker move closer to its vision of becoming a broader smart mobility company.

South Korea's largest automaker announced Friday that Hyundai Motor Group will acquire an 80% stake in Boston Dynamics from SoftBank for $1.1 billion. The Japanese company currently owns a 100% stake in the company and will retain the remaining 20%.

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