Daily Crunch: Hyundai acquires 80% stake in Boston Robotics
Hyundai takes a controlling stake in an iconic robotics company, Twitter acquires a screen-sharing startup and we round up some security-themed gift ideas. This is your Daily Crunch for December 11, 2020.
The big story: Hyundai acquires 80% stake in Boston Robotics
Boston Robotics is behind a number of impressive robots, including the dog-like quadruped Spot. Over the past decade, it’s changed ownership several times, with Google acquiring it in 2013, then selling it to Japanese investment giant SoftBank in 2017.
After today’s deal, which values Boston Robotics at $1.1 billion and is subject to regulatory approval, SoftBank will still own a 20% stake.
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