Uber sells $479M Aurora block, cuts stake to 15.6%

Uber Technologies' wholly owned Neben Holdings subsidiary on June 2 disposed of 67,500,000 Class A shares of Aurora Innovation in a single block trade at $7.10 per share, raising about $479.25 million and trimming its Aurora stake by 14.46 percentage points to roughly 15.6% - disclosed in a Schedule 13D/A amendment. The sale comes weeks after Aurora widened its Sun Belt driverless freight network to 10 routes, opened a Phoenix terminal, and signed the 500-truck Hirschbach Driver-as-a-Service MOU, and follows Uber's earlier capital recycling out of its 2020 ATG stake.