the Hyundai Motor Group

Headquartered in Waltham, Massachusetts, Boston Dynamics has been owned by the Hyundai Motor Group since December 2020, but having only completed the acquisition in June 2021. Boston Dynamics, Inc.Hyundai Motor Group's decision to acquire Boston Dynamics is based on its growth potential and wide range of capabilities. “Wide range of capabilities" we get, but that other phrase, “growth potential," has a heck of a lot wrapped up in it. At the moment, Boston Dynamics is nowhere near profitable, as far as we know.It was a private company majority-owned by Hyundai (HYMTF 2.39%). The South Korean automaker acquired an 80% controlling interest in Boston Dynamics from Softbank in 2021. The deal valued the robotics company at $1.1 billion. Softbank retained the remaining 20% in Boston Dynamics.

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.

Is Boston Dynamics owned by China

South Korea's Hyundai Motor Group acquired Boston Dynamics for $1.1 billion three years ago.

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.

Boston Dynamics is a private company, which means there is no Boston Dynamics stock symbol or stock price. Hyundai Motor Company purchased 80% of Boston Dynamics in 2021 at a valuation of $1.1 billion.

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.

How much did Hyundai pay for Boston Dynamics

about $880 million

Hyundai paid about $880 million to acquire the controlling stake from Softbank, valuing Boston Dynamics at $1.1 billion. Hyundai is the third owner of Boston Dynamics in seven years. It was acquired by Google in 2013 and sold to Softbank Group in 2017.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.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.

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 in loss : 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.

Who is the main investor in SoftBank : SoftBank Group Corp. The company is known for the leadership of its controversial founder and largest shareholder Masayoshi Son.

Why is SoftBank in trouble

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.

SoftBank Corp. Companies

• A Holdings Corporation. Strategic holding company that owns of LY Corporation shares.
• AGOOP Corp. Location-based big data business.
• ALES Corp.
• AXSEED,Inc.
• B Holdings Corporation.
• BB Backbone Corporation.
• BB Satellite Corp.
• BBIX, Inc.

Masayoshi Son is the founder, CEO and largest shareholder of SoftBank; as of December 2022, he had a 34.2% stake in the company.

Does SoftBank still exist : SoftBank Group (OTC:SFTBBF) is a Japanese holding company that focuses on investment management. The company was formerly a software distributor but evolved over the years and now invests in public and private businesses through its venture capital funds.