approximately $880 million

In December 2020, Hyundai Motor Group acquired an 80% stake in the company from SoftBank for approximately $880 million. SoftBank Group retains about 20% through an affiliate. In June 2021, it was announced that Hyundai officially took a controlling stake in the company from SoftBank.$1.1bn

Boston Dynamics was purchased by Hyundai from SoftBank on 21 June, 2021 for a value of $1.1bn. However, as the industry leading firm is passed around between tech and manufacturing giants, the end game for profitable products is improved but still unclear under the new ownership.approximately 80%

Under the agreement, Hyundai Motor Group will hold an approximately 80% stake in Boston Dynamics and SoftBank, through one of its affiliates, will retain an approximately 20% stake in Boston Dynamics after the closing of the transaction. Hyundai Motor Group's affiliates – Hyundai Motor Co., Hyundai Mobis Co.

How much did Google sell Boston Dynamics for : Hyundai is acquiring an 80 percent stake in Boston Dynamics in a deal valuing the company at $1.1 billion. Softbank will retain a 20 percent stake. Boston Dynamics was spun out of MIT as a private company in 1992 and survived for a long time on military contracts.

Did Google buy Boston Dynamics

Google acquired Boston Dynamics in December 13, 2013. But after a few years, in 2017, it sold it to Japan's SoftBank Group. In December 2020 Hyundai Motor Group acquired an 80% stake in the company from SoftBank, which grew into a full controlling stake by June 2021.

Who pays for Boston Dynamics : Who funds Boston Dynamics Can I buy stock In June 2021, Hyundai Motor Group acquired a majority interest in Boston Dynamics and now holds an 80 percent stake in the company. SoftBank, through one of its affiliates, holds the remaining 20 percent.

The robotics company also likely isn't yet profitable due to its substantial investments in smart mobility solutions, like autonomous driving, artificial intelligence (AI), smart factories, and robots.

Hyundai wanted to invest in more "mobility solutions," and Softbank was able to flip Boston Dynamics for a tidy profit. The acquisition is pretty exciting for Boston Dynamics. While the company has been churning out industry-leading robotics work for years, it has all been pure research.

Does Google still own Boston Dynamics

But Boston Dynamics, which was acquired by Google in 2013 and sold to SoftBank in 2017, was in the process of transforming into a full-fledged product company. The goal was to provide robots to clients and customers commercially, and the company's 2021 acquisition by Hyundai Motor Group sealed the strategy.As SoftBank invested billions of dollars in unprofitable startups beginning in 2017, it inflated valuations worldwide before they were punctured by China's tech crackdown from 2020 and the US Federal Reserve's rate hikes last year. The company spent months writing down losses while limiting new investments.Boston Dynamics' weak resource base and lack of commercial experience are additional risks in their (commercial) market failure journey. Boston Dynamics' second-to-market is Unitree Robotics, founded in China in 2017, which launched a direct competitor to Spot — its A1 robot dog.

However, it makes most of its money from selling cars and providing financing. Boston Dynamics is likely a minimal contributor to its revenue (the company only had a few hundred robots operating when Hyundai acquired its majority stake in 2021).

Why did SoftBank lose 6.2 billion : racked up a huge loss in the July-September quarter as its technology investments, most notably office-sharing company WeWork, went sour. Tokyo-based SoftBank loss totaled 931 billion yen ($6.2 billion) in the last quarter, a reversal from the 3 trillion yen profit it posted in the same period a year earlier.

Is SoftBank still profitable : SoftBank booked a profit of 328.9 billion yen ($2.11 billion) in January-March, compared to a loss of 32 billion yen a year earlier. Still, the second straight quarter of profit was not enough to keep it in the black for the full year.

Is SoftBank profitable

SoftBank swung into profits for the first time in five quarters with a net profit of over $6 billion for the three months ended December, aided by a stock rally in listed firms from Vision Fund I.

SoftBank Group booked a record net loss of 1.71 trillion yen in fiscal 2021 on the back of a global stock rout after logging the highest profit for a Japanese company the previous year.The move, a bid to unlock shareholder value and improve competition—an apparent nod to tough-on-tech regulators who spurred two years of dramatic stock-price declines —was a key sign of a sea change in the Chinese tech sector. SoftBank moving even further out the door would be yet another.

Does SoftBank still own Arm : A few days earlier, SoftBank Group bought back the 25% stake from Vision Fund for around $16 billion, valuing Arm at over $64 billion. Arm went public on 14 September 2023 raising $4.87 billion at a $54.5 billion valuation, with SoftBank continuing to own roughly 90% of the company following the offering.