Uber in talks to sell its ATG self-driving unit to Aurora – source

Uber Technologies Inc UBER.N is in talks to sell its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora, a source familiar with the matter told Reuters.

The talks are still ongoing and there is no certainty a deal could be reached, the source said, adding that Uber is also considering taking stake in the new company if Aurora takes over ATG.

Uber’s ATG, which works to develop autonomous driving technology, counts Toyota Motor Corp 7203.T and SoftBank Group Corp 9984.T among its investors. Earlier last year, the unit had raised $1 billion (758 million pounds) from a consortium of investors including SoftBank, that valued it at $7.25 billion.
More>>