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

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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.

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

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines