GM has suddenly taken the lead on driverless cars (gm)
GM
General Motors announced on Friday that it would acquire Cruise Automation, a San Francisco-based self-driving-car startup that was founded in 2013.
Neither GM nor Cruise disclosed the deal price.
However, Fortune's Dan Primack and Kristen Korosec reported that GM bought Cruise for more than $1 billion, in cash and stock combined, as much as ten times the company's valuation.
Cruise had raised $20 million from various investors. The startup was a product of the Y Combinator accelerator program. Читать дальше...