{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/autonomous-vehicle-startup-aurora-in-final-talks-to-merge-with-reid-hoffman-s-newest-spac/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"Autonomous vehicle startup Aurora in final talks to merge with Reid Hoffman's newest SPAC","slug":"autonomous-vehicle-startup-aurora-in-final-talks-to-merge-with-reid-hoffman-s-newest-spac","createdLocal":"2021-06-05 14:31:12.141247","publishDate":"None","feedName":"Autonomous Vehicle News","sourceUrl":{"sourceUrl":"https://finance.yahoo.com/news/autonomous-vehicle-startup-aurora-final-195137370.html"},"postSummary":{"childMarkdownRemark":{"html":"<p>Autonomous vehicle startup Aurora is close to finalizing a deal to merge with Reinvent Technology Partners Y, the newest special purpose acquisition company launched by LinkedIn co-founder and investor Reid Hoffman, Zynga founder Mark Pincus and managing partner Michael Thompson, according to several sources familiar with the talks.\nReinvent Technology Partners Z merged with home insurance startup Hippo.\nTheir latest SPAC, known as Reinvent Technology Partners Y, priced its initial public offering of 85 million units at $10 per unit to raise $850 million.\nStory continuesWhile Hoffman and Reinvent showing up on two sides of a SPAC deal would be unusual, it is not unprecedented.\nAurora more recently said it reached an agreement with Volvo to jointly develop autonomous semi-trucks for North America.</p>"}}}},"pageContext":{"slug":"autonomous-vehicle-startup-aurora-in-final-talks-to-merge-with-reid-hoffman-s-newest-spac"}}}