Sunday, August 21, 2016

Uber acquires Israeli startup Otto, founded less than a year ago, for US$680 million

The deal will enable Uber to move rapidly towards becoming an autonomous vehicle powerhouse Israeli-American company Otto, founded in early 2016, is on its way to being acquired by Uber for US$680 million. Signing of the deal is scheduled within two weeks, following a week awash with significant announcements in the auto technology industry about...
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