Tech Company M&A Transactions
Cruise Acquisition
Headquartered in San Francisco, Cruise was acquired by General Motors. The transaction price was $600 million.
Transaction Overview
Company Name
Acquired By
Announced On
3/14/2016
Transaction Type
M&A
Amount
$600,000,000
M&A Terms
The Cruise acquisition will help further GM's automation goals. Though Cruise will remain operationally independent, GM President Dan Ammann tells TechCrunch the car maker intends to integrate Cruise's technology within its fleet of vehicle brands as soon as possible. The acquisition was paid for with $300 million cash and $300 million stock.
Company Information
Company Status
Acquired or Merged
Industry
Transportation
Mailing Address
548 Market St. 40873
San Francisco, CA 94104
USA
San Francisco, CA 94104
USA
Phone
Website
Email Address
Overview
Cruise has built the first highway autopilot system that installs on your existing vehicle. It uses sensors and advanced machine vision technology to keep you in your lane and a safe distance from the car in front of you.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Daniel Ammann
Chief Operating Officer
Gil West
Chief Technical Officer
Kyle Vogt
Vice President
Robert Grant
Vice President
Lucas Watson
VP - Engineering
Mo ElShenawy
VP - Finance
William Nash
VP - General Counsel
Jeffrey Bleich
VP - Human Resources
Arden Hoffman
VP - Marketing
Kristine Boyden
VP - Product Management
Daniel Kan
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Where The Data Comes From
Our team works diligently to report on all VC transactions involving tech companies. VC investment data records reported here come from company press releases and news coverage. The information is sourced from VentureDeal.com, an affiliated venture.
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