Report: Aurora ponders possible sale to Microsoft or Apple amid other options

Pittsburgh-based autonomous vehicle startup Aurora Innovation Inc. is weighing the possibility of selling itself to Microsoft Corp. or Apple Inc., amid other options, as the company considers a response to ongoing market conditions and timeline delays by various partners.

According to a report from Bloomberg, Aurora (NASDAQ: AUR) CEO and Co-Founder Chris Urmson “inadvertently sent” a memo to staff outlining this plan as well as potential cost-cutting measures in a message that was originally intended solely for the company’s board. In that memo, Urmson also reportedly suggested measures like taking the company private, spinning off or selling certain company assets and pursuing a small capital raise to extend the company’s runway, Bloomberg reported.