Aurora Innovation Slips on Uber Plan to Sell $1B of Exchangeable Notes

Dow Jones

2025/05/14

By Josh Beckerman

Shares of Aurora Innovation shares slid as stockholder Uber Technologies announced a proposed $1 billion offering of notes that would be exchangeable for Aurora stock.

Aurora's stock fell 16%, to $6.18, in after-hours trading Tuesday. The shares finished the day at $7.32, down 7.7%, but have gained about 16% since the start of the year.

Uber's senior notes due 2028 will be exchangeable into cash, or, subject to certain conditions, units of reference property, or a combination of cash and units of reference property, at Uber's election. Initially, each unit of reference property will be comprised of one Aurora share, Uber said.

In December 2020, Uber sold its self-driving-car unit to competitor Aurora and said it would also make a $400 million cash investment in Aurora.

Uber Chief Executive Dara Khosrowshahi resigned from Aurora's board on Dec. 31, 2024.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

May 13, 2025 18:44 ET (22:44 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The shares finished the day at $7.32, down 7.7%, but have gained about 16% since the start of the year. \n</p>\n<p>\n  Uber's senior notes due 2028 will be exchangeable into cash, or, subject to certain conditions, units of reference property, or a combination of cash and units of reference property, at Uber's election. Initially, each unit of reference property will be comprised of one Aurora share, Uber said. \n</p>\n<p>\n  In December 2020, Uber sold its self-driving-car unit to competitor Aurora and said it would also make a $400 million cash investment in Aurora. \n</p>\n<p>\n  Uber Chief Executive Dara Khosrowshahi resigned from Aurora's board on Dec. 31, 2024. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 13, 2025 18:44 ET (22:44 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4503","symbol_name":"景林资产持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2535364980","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535364980","pubTimestamp":1747176240,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Aurora Innovation shares slid as stockholder Uber Technologies announced a proposed $1 billion offering of notes that would be exchangeable for Aurora stock.Aurora's stock fell 16%, to $6.18, in after-hours trading Tuesday. 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The shares finished the day at $7.32, down 7.7%, but have gained about 16% since the start of the year. \n\n\n  Uber's senior notes due 2028 will be exchangeable into cash, or, subject to certain conditions, units of reference property, or a combination of cash and units of reference property, at Uber's election. Initially, each unit of reference property will be comprised of one Aurora share, Uber said. \n\n\n  In December 2020, Uber sold its self-driving-car unit to competitor Aurora and said it would also make a $400 million cash investment in Aurora. \n\n\n  Uber Chief Executive Dara Khosrowshahi resigned from Aurora's board on Dec. 31, 2024. \n\n\n \n\n\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 13, 2025 18:44 ET (22:44 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}