Uber's autonomous driving spinoff, which had raised $1bn from SoftBank Vision Fund, Toyota and Denso, is merging with self-driving technology producer Aurora.
US-based self-driving technology developer Aurora agreed yesterday to acquire US-headquartered ride hailing service Uber’s Advanced Technologies Group (ATG) subsidiary through a deal involving Uber investing $400m in the company. Chris Urmson, chief executive of Aurora, told CBS the combined company will be valued at $10bn, and that Uber will own a 26% stake. Uber CEO…
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