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Sept 2 (Reuters) – Aurora Innovation Inc (AUR.O) Chief Executive Chris Urmson recently laid out a series of options for the self-driving company to combat challenging market conditions, including a possible sale to Apple Inc (AAPL.O) or Microsoft Corp (MSFT.O), Bloomberg News reported on Friday.
Shares of Aurora jumped 14.7% to $2.42 in afternoon trading.
Urmson, who co-founded Aurora after running Google’s self-driving car project, also floated measures including cost cuts, taking the company private and spinning off assets, the report said, citing an internal memo. (https://bloom.bg/3ReFDgP)
The company, which has a market capitalization of about $2.4 billion, did not immediately respond to a Reuters request for comment.
It has partnerships with companies such as Volvo, Toyota, FedEx (FDX.N) and Uber (UBER.N).
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Reporting by Eva Mathews in Bengaluru; Editing by Devika Syamnath
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