# SoftBank in talks to sell robot maker Boston Dynamics to Hyundai (HT Tech) > Proposed terms of the deal would give Hyundai control of the robotics company in a transaction valued at as much as $1 billion. # SoftBank in talks to sell robot maker Boston Dynamics to Hyundai ## Proposed terms of the deal would give Hyundai control of the robotics company in a transaction valued at as much as $1 billion. Nov 10 2020, 08:02 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![At times, Boston Dynamics has functioned more like a research organization than a business](https://images.hindustantimes.com/tech/img/2020/11/10/1600x900/2020-09-18T062930Z_1490097498_RC2U0J99YAF4_RTRMADP_3_JAPAN-ROBOTS_1604975331807_1604975354315.JPG) At times, Boston Dynamics has functioned more like a research organization than a business (REUTERS) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By BLOOMBERG SoftBank Group Corp. is in talks to sell robot maker Boston Dynamics Inc. to Hyundai Motor Co., people familiar with the matter said. Proposed terms of the deal would give the South Korean automaker control of the robotics company in a transaction valued at as much as $1 billion, said one of the people, all of whom asked not to be identified because the discussions are private. The terms have yet to be finalized, and the deal could fall apart, said the people. ALSO READ: Engineer's best friend: How a dog-like robot is helping Ford retool plants Also read click here. Representatives for Boston Dynamics, Hyundai and SoftBank declined to comment on the deal talks. In emailed statements, Hyundai said it’s “continuously exploring various investment and partnership opportunities.” Boston Dynamics said its work “continues to excite partners interested in exploring a deeper commercial relationship with our company.” A sale of Boston Dynamics would mark another twist in the trajectory of a company that spun out of the Massachusetts Institute of Technology in the early 1990s and operated independently until Google bought it in 2013. It was sold again in 2017, that time to SoftBank. ALSO READ: Boston Dynamics starts selling its Spot robot At times, Boston Dynamics has functioned more like a research organization than a business, churning out machines that are technologically advanced and whimsical but unprofitable. That includes Spot, a maneuverable dog-like robot. Videos of its creations regularly rack up millions of views on YouTube; however, the company has said it is not currently making money. By contrast, Hyundai makes highly practical industrial robots intended for factory use. By Sarah McBride and Anto Antony Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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