Hyundai Motor Group plans to acquire SoftBank's remaining stake in Boston Dynamics for $325 million

According to a report by South Korea's "Daily Economic News" on Friday, Hyundai Motor Group plans to acquire SoftBank Group's remaining 9.65% stake in Boston Dynamics for $325 million, making the American robotics company a wholly-owned subsidiary.

Hyundai Motor is expected to hold a board meeting on June 22 to approve the acquisition. The report cited unnamed industry sources stating that SoftBank has notified Hyundai Motor of its intention to exercise the "put option" agreed upon during the previous sale of Boston Dynamics shares to sell its remaining holdings.