BUZZ-Pony AI rises on report of potential buyout by Travis Kalanick, Uber

Reuters
27 Jun
BUZZ-Pony AI rises on report of potential buyout by Travis Kalanick, Uber

** Shares of robotaxi company Pony AI PONY.O climb ~10% to $14.31

** Uber UBER.N is in talks with its founder and former CEO Travis Kalanick to fund his acquisition of PONY's U.S. arm, according to a report from the New York Times Dealbook

** Kalanick would run Pony if the deal is completed - report

** PONY and UBER did not immediately respond to Reuters' requests for comments

** PONY has a market value of $4.63 billion, according to data compiled by LSEG

** PONY shares down 0.2% YTD, including Thursday's session moves

(Reporting by Niket Nishant in Bengaluru)

((Niket.Nishant@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10