Uber sells ATG self-driving business to Aurora at $4 billion

  • 📰 Reuters
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Uber Technologies Inc is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora, the companies said on Monday, in a move that would accelerate the ride-sharing company's goal to achieve profitability.

-Uber Technologies Inc is selling its autonomous driving unit, Uber Advanced Technologies Group , to self-driving car startup Aurora, the companies said on Monday, in a move that would accelerate the ride-sharing company’s goal to achieve profitability.

Following the sale announced on Monday, Uber is also investing $400 million in Aurora, which values Aurora at $10 billion, the people added. Uber will hold about 26% ownership interest in Aurora on a fully diluted basis, the company said in a filing. Khosrowshahi, who will take a seat on Aurora’s board, said Uber’s profitability was not the leading factor in the deal.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Uber40億ドルのディール RT : Uber sells ATG self-driving business to Aurora at $4 billion

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines