Self-Driving Firm Aurora Could Be Sold To Microsoft Or Apple | Carscoops carscoops
wasn’t currently considering a sale, he noted that this could change with a competitive offer.
“Given our current stock price we should be an appealing target for any entity looking to own the future of automated driving,” he wrote. “Of potentially appealing landing places, there are only a few: Apple, Microsoft, or potentially a Tier 1,” referring to a large auto-parts supplier.” The internal memo was labeled ‘board discussion pre-read’ but was accidentally sent to all staff at the company.
“We don’t expect that a conventional fundraising opportunity of sufficient scale to add a year of runway to the company will present itself over the next six months,” Urmson wrote. “While we continue to have ample runway, it’s important that we do what we can to extend that runway.”
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