GM to buy out SoftBank's stake in Cruise self-driving unit
that it's buying out SoftBank Vision Fund 1's equity ownership into the company that's worth $2.1 billion. In addition, it has committed to investing an extra $1.
"Our increased investment position not only simplifies Cruise's shareholder structure, but also provides GM and Cruise maximum flexibility to pursue the most value-accretive path to commercializing and unlocking the full potential of AV technology."with debt and the plummeting value of its properties. It may no longer be interested in an investment that won't field returns anytime soon.
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