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Uber sells off ATG division and adds 400m investment into Aurora for a 26% stake in the company


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TECHCRUNCH.COM

Aurora Innovation, the autonomous vehicle startup backed by Sequoia Capital and Amazon, has reached an agreement with Uber to buy the ride-hailing firm’s self-driving unit in a complex deal that will value the combined company at $10 billion. Aurora is not paying cash for Uber ATG, a company that was valued at $7.25 billion following […]

 

 

Kind of big that Uber is giving up on ATG and going a partnership route now.

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  • chakoo changed the title to Uber sells off ATG division and adds 400m investment into Aurora for a 26% stake in the company
23 hours ago, Jason said:

I'm sure this will do nothing to budge the thinking of all the dipshit mass transit planners who think "hurr durr why should we do anything when self-driving cars are coming any day now."


yeah, these companies are going to hammer the final nail in the coffin of our built environment 

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