Uber sells its self-driving business to start-up Aurora for $4bn
Ride-hailing company sells Advanced Technologies Group at a marked-down price and may invest $400m in Aurora
07 December 2020 - 23:39
New York — Uber Technologies is selling its autonomous driving unit, Advanced Technologies Group (ATG), to self-driving car start-up Aurora, the companies said on Monday, in a move that would accelerate the ride-sharing company's goal to achieve profitability.
The equity deal valued the ATG at $4bn, according to people familiar with the matter...
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