Friday, March 11, 2016

GM Acquires Cruise For Over $1 Billion

The self-driving tech startup will shift its focus to building autonomous technology specifically for GM's vehicles.

General Motors revealed today that it is acquiring Cruise Automation, a Y Combinator-backed startup that specializes in self-driving car technology. According to Re/code, the deal cost GM more than $1 billion and will be finalized in the next few months.

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