According to Yonhap News on June 19, major affiliates of Hyundai Motor Group are set to hold a board meeting soon to discuss the acquisition of SoftBank's stake, valued at approximately $325 million (about 500 billion won).
Currently, the ownership structure includes Hyundai Motor at 28%, Kia at 17.2%, Hyundai Mobis at 11.3%, Hyundai Glovis at 11.25%, and Euisun Chung, chairman of Hyundai Motor Group, at 22.6%, with SoftBank holding 9.65%.
Hyundai Motor Group acquired its initial stake in Boston Dynamics from SoftBank in June 2021. The agreement included a provision allowing SoftBank to sell its remaining shares if an initial public offering (IPO) did not occur within a specified timeframe, along with a call option for Hyundai Motor Group to purchase those shares.
The exercise period for SoftBank's put option is from June 21 to within 30 days, after which Hyundai Motor Group can exercise its call option.
Boston Dynamics is advancing the commercialization of its humanoid robot, Atlas, with Hyundai Motor Group aiming for mass production by 2028. As the physical artificial intelligence (AI) market rapidly grows, Boston Dynamics' valuation has soared.
Market estimates currently value Boston Dynamics at over 30 trillion won.
* This article has been translated by AI.
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