Uber In Talks To Sell ATG Self-Driving Unit To Aurora
Uber is reportedly in talks to sell its $7.25 billion self-driving car unit, Uber Advanced Technologies Group, to competing autonomous vehicle technology startup Aurora Innovation. TechCrunch reports: Aurora Innovation, the startup founded by three veterans of the autonomous vehicle industry who led programs at Google, Tesla and Uber, is in negotiations to buy Uber ATG. Terms of the deal are still unknown, but sources say the two companies have been in talks since October and it is far along in the process. The talks could falter. But if successful, they have the potential to triple Aurora's headcount and allow Uber to unload an expensive long-term play that has sustained several controversies in its short life.
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