{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/autonomous-vehicle-startup-aurora-in-talks-to-merge-with-reid-hoffman-s-spac-techcrunch/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"Autonomous vehicle startup Aurora in talks to merge with Reid Hoffman's SPAC -TechCrunch","slug":"autonomous-vehicle-startup-aurora-in-talks-to-merge-with-reid-hoffman-s-spac-techcrunch","createdLocal":"2021-06-05 14:31:05.458779","publishDate":"2021-06-04 00:00:00","feedName":"Autonomous Vehicle News","sourceUrl":{"sourceUrl":"https://www.reuters.com/technology/autonomous-vehicle-startup-aurora-talks-merge-with-reid-hoffmans-spac-techcrunch-2021-06-04/"},"postSummary":{"childMarkdownRemark":{"html":"<p>Self-driving car startup Aurora is nearing a deal to merge with blank-check firm Reinvent Technology Partners Y , which is backed by Silicon Valley heavyweights Reid Hoffman, Mark Pincus and Michael Thompson, TechCrunch reported on Friday.\nThe targeted valuation, which had been as high as $20 billion, is now closer to $12 billion, according to the report, citing people familiar with the matter.\nThe deal is expected to be announced as early as next week, TechCrunch reported.\nAurora and Reinvent Technology Partners Y did not immediately respond to Reuters' requests for comment.\nOur Standards: The Thomson Reuters Trust Principles.</p>"}}}},"pageContext":{"slug":"autonomous-vehicle-startup-aurora-in-talks-to-merge-with-reid-hoffman-s-spac-techcrunch"}}}