Uber To Sell Self-Driving Unit To Start-Up Aurora
Uber has agreed to sell its self-driving unit to Aurora Innovations, a start-up that develops technology for autonomous vehicles. Aurora has been a competitor for Uber’s Advanced Technologies Group. As part of the deal, Uber will invest $400 million into the start-up at a $10 billion valuation. Q3 2020 hedge fund letters, conferences and more Details on the sale of Uber's self-driving unitThe deal is expected to close in the first quarter. It assigns a value of about $4 billion to Uber's self-driving unit, according to CNBC. That's a significant decrease from its previous valuation. In April 2...