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AURORA TO BUY UBER’S SELF-DRIVING VEHICLES ARM

Uber is selling off its autonomous vehicles development arm to Aurora as the ride-hailing company slims down after its revenues were pummeled by the coronavirus pandemic.

Aurora will acquire the employees and technology behind Uber’s Advanced Technologies Group in an equity transaction, the companies said.

Uber will invest $400 million into Aurora, and Uber’s CEO Dara Khosrowshahi will join Aurora’s board of directors, the companies said.

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