General Motors $1 billion acquisition of Cruise Automation

11/3/2016

Private acquisition

Value:

$ 1 billion

Status:

Completed

Date:

11/3/2016

Overview:

General Motors has acquired Cruise Automation, a driverless car startup, for $1 billion.

Rani Mehta - Journalist

Jurisdiction:

United States

Deal type:

Private acquisition

Practice area:

M&A

Industry sectors:

Technology and telecommunications
Automotive

Firms:

Fenwick & West

Party: General Motors (GM) (Acquirer)

Orrick Herrington & Sutcliffe

Party: Cruise Automation (Target)

Lawyers: John Bautista, Mark Seneca

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