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New Deal


Announced

GM-backed Cruise to acquire Voyage.

Financials

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

Tags

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Automobiles

autonomous vehicles

United States

Majority

Domestic

Acquisition

Friendly

Pending

Single Bidder

Private

Synopsis

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General Motors-backed Cruise, a self-driving software provider, agreed to acquire Voyage, a producer of autonomous vehicles. Financial terms were not disclosed. Together, firms want to deliver on the promise of self-driving cars — a revolutionary technology that will enable millions to move freely, affordably, and sustainably within their communities.

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