This acquisition fits exactly with GM's plans outlined by investing $500 million in Lyft to create self-driving car infrastructure [0].
It seems like companies who build products that have clear and significant business value with excellent market timing are successful. Perhaps you can extrapolate to saying hard tech is now a hot field but this is the first successful exit that comes to mind recently, rather than private investors putting more money on the table.
It seems like companies who build products that have clear and significant business value with excellent market timing are successful. Perhaps you can extrapolate to saying hard tech is now a hot field but this is the first successful exit that comes to mind recently, rather than private investors putting more money on the table.
[0] http://www.reuters.com/article/us-gm-lyft-investment-idUSKBN...