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New Deal


Announced

Waymo to acquire Latent Logic.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Pending

Private

United Kingdom

software

Acquisition

Majority

Single Bidder

Software

autonomous driving

Friendly

Synopsis

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Waymo, which operates as an autonomous vehicle development company, agreed to acquire Latent Logic, a UK company that spun out of Oxford University’s computer science department. Financial terms were not disclosed. “By joining Waymo, we are taking a big leap towards realizing our ambition of safe, self-driving vehicles. In just two years, we have made significant progress in using imitation learning to simulate real human behaviors on the road. I’m excited by what we can now achieve in combining this expertise with the talent, resources, and progress Waymo has already made in self-driving technology,” Shimon Whiteson, Latent Logic co-founder and chief scientist.

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