Uber sold approximately 67.5 million shares of Aurora Innovation for roughly $476 million through a block trade executed by its subsidiary Neben Holdings at around $7.10 per share. The ride-hailing giant has not exited the company entirely: it still holds approximately 258.5 million shares, representing 15.6% of the outstanding Class A stock. The sale comes during a difficult period for Aurora’s share price, which has dropped approximately 25% since mid-May. Uber originally acquired this stake when it divested its autonomous driving division ATG to Aurora in late 2020 in a deal valued at roughly $4 billion.
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