Uber sells self-driving unit in deal that will push Aurora’s valuation to $10B
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Re: Uber sells self-driving unit in deal that will push Aurora’s valuation to $10B
#2Genuinely wondering -
- How a 600 person company will determine who among the 1200 at ATG gets acquihired?
- How will the Uber employee unvested stocks get paid out (or not) in an almost no cash deal?
Re: Uber sells self-driving unit in deal that will push Aurora’s valuation to $10B
#3So Uber is throwing in $6.2B in ATG equity plus $400M in cash and getting $2.6B in Aurora equity? Sounds like a massively down round.
Re: Uber sells self-driving unit in deal that will push Aurora’s valuation to $10B
#4So Uber is throwing in $6.2B in ATG equity plus $400M in cash and getting $2.6B in Aurora equity? Sounds like a massively down round.
Yeah this looks terrible for $UBER.
Why did you write this as ATG equity? Wouldn't it still be their class A/B shares? Or is it structured as a separate entity?
Re: Uber sells self-driving unit in deal that will push Aurora’s valuation to $10B
#5So Uber is throwing in $6.2B in ATG equity plus $400M in cash and getting $2.6B in Aurora equity? Sounds like a massively down round.
Except, is ATG equity actually worth real money?
Seems to me this is a clear attempt to get ATG off the books (16% of net loss in Q3 was due to ATG https://investor.uber.com/news-events/news/press-release-det...). If Uber felt that ATG would actually deliver eventually, I doubt they'd be doing this deal to rid themselves of the department.
Re: Uber sells self-driving unit in deal that will push Aurora’s valuation to $10B
#6Wasn't Uber's whole money losing strategy based on the vision that one day they'll use their self-driving cars to get the driving done for cheaper?
Re: Uber sells self-driving unit in deal that will push Aurora’s valuation to $10B
#7Wasn't Uber's whole money losing strategy based on the vision that one day they'll use their self-driving cars to get the driving done for cheaper?
Was there anyone who actually still believed that story? I mean, it should have been pretty obvious for at least a few years but did someone still believe it? (Less snarkily, they do still have a financial interest but yeah.)
Re: Uber sells self-driving unit in deal that will push Aurora’s valuation to $10B
#8And Uber stock in after-hours trading is not even flinching. Wasn't this like, THE whole strategy?
Re: Uber sells self-driving unit in deal that will push Aurora’s valuation to $10B
#9Nice move for everyone around
F for Uber’s optics but it is clear how this is good for them nearterm
Re: Uber sells self-driving unit in deal that will push Aurora’s valuation to $10B
#10Wasn't Uber's whole money losing strategy based on the vision that one day they'll use their self-driving cars to get the driving done for cheaper?
Within Uber, it was categorized as a "big bet", as opposed to a core vertical, like ride share/eats. Having now shed new mobility, elevate and now SDV, It looks like Dara is really set on focusing on the core verticals now.