Genuinely wondering -
- How a 600 person company will determine who among the 1200 at ATG gets acquihired?
- How will the Uber employee unvested stocks get paid out (or not) in an almost no cash deal?
- How a 600 person company will determine who among the 1200 at ATG gets acquihired?
- How will the Uber employee unvested stocks get paid out (or not) in an almost no cash deal?
There are two types of sales that are beneficial to a companies bottom line: selling something of value for cash, and selling a liability for little to no cash.
Uber did the latter of the two. Effectively taking a business unit that was 5-10 years behind Waymo and Cruise and dumping it off on someone who might be able to turn it in to something in exchange for a piece of the future upside. But the real win for Uber shareholders here is that it isn't costing Uber R&D dollars anymore.
Do you mean Uber ATG employees? Were they getting stock packages for ATG or for Uber?
This is not a liquidity event for Uber. Uber is selling a portion of its business, not being sold.