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12-07-2020, 08:52 PM
Filed under: Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Autonomous (https://www.autoblog.com/category/autonomous/),Commercial Vehicles (https://www.autoblog.com/category/commercial-trucks/)
https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://s.yimg.com/os/creatr-uploaded-images/2020-12/72841f60-38f0-11eb-b7c9-68d8afcce961 (Reuters) -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. The equity deal valued the ATG at $4 billion, according to people familiar with the matter. This marks a major drop in valuation for ATG, as it raised $1 billion from a consortium of investors including Toyota Motor Corp and SoftContinue reading Uber sells ATG self-driving business to Aurora in deal valued at $4 billion (https://www.autoblog.com/2020/12/07/uber-self-driving-atg-sale-aurora/)
Uber sells ATG self-driving business to Aurora in deal valued at $4 billion (https://www.autoblog.com/2020/12/07/uber-self-driving-atg-sale-aurora/) originally appeared on Autoblog (https://www.autoblog.com) on Mon, 7 Dec 2020 19:58:00 EST. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/12/07/uber-self-driving-atg-sale-aurora/) | Email this (https://www.autoblog.com/forward/2282836/) | Comments (https://www.autoblog.com/2020/12/07/uber-self-driving-atg-sale-aurora/#comments)
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https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://s.yimg.com/os/creatr-uploaded-images/2020-12/72841f60-38f0-11eb-b7c9-68d8afcce961 (Reuters) -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. The equity deal valued the ATG at $4 billion, according to people familiar with the matter. This marks a major drop in valuation for ATG, as it raised $1 billion from a consortium of investors including Toyota Motor Corp and SoftContinue reading Uber sells ATG self-driving business to Aurora in deal valued at $4 billion (https://www.autoblog.com/2020/12/07/uber-self-driving-atg-sale-aurora/)
Uber sells ATG self-driving business to Aurora in deal valued at $4 billion (https://www.autoblog.com/2020/12/07/uber-self-driving-atg-sale-aurora/) originally appeared on Autoblog (https://www.autoblog.com) on Mon, 7 Dec 2020 19:58:00 EST. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/12/07/uber-self-driving-atg-sale-aurora/) | Email this (https://www.autoblog.com/forward/2282836/) | Comments (https://www.autoblog.com/2020/12/07/uber-self-driving-atg-sale-aurora/#comments)
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