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Aurora, Self-driving-tech Producer, To Go Public Via Spac

by thestreet.com posted 2weeks ago 14 views
Click to view a price quote on UBER. : Aurora Innovation, the Pittsburgh provider of self-driving technology, definitively agreed to go public by merging with a special purpose acquisition company, Reinvent Technology Partners Y. (RTP) - Get Report Reinvent is backed by investors including Reid Hoffman, the co-founder of LinkedIn  (MSFT) - Get Report, and Mark Pincus, the founder of Zynga  (ZNGA) - Get Report. The deal values Aurora's equity at $11 billion. Investors and partners in Aurora have committed to invest $1 billion. At closing, Aurora expects to have $2.5 billion of cash.

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