Debevoise Advises Toyota as an Investor in Uber’s Advanced Technologies Group in Its Sale to Aurora

14 December 2020

Debevoise & Plimpton LLP is advising Toyota Motor Corporation as an investor in Uber Technologies Inc.’s (NYSE: UBER) self driving unit, Advanced Technologies Group (Uber ATG), which Uber has agreed to sell to Aurora. For more information, please see the company’s press release.

Debevoise previously represented Toyota on its joint investment with DENSO Corporation and SoftBank Vision Fund in Uber ATG. Under the terms of that deal, Toyota and DENSO together invested $667 million and the SoftBank Vision Fund invested $333 million, valuing Uber ATG at $7.25 billion on a post-money basis.

The Debevoise team is led by M&A partners Sue Meng and Michael Gillespie  and includes associates John Love and James Malmo, benefits partner Lawrence Cagney and associate Simone Hicks, tax partner Gary Friedman and associate Samuel Duncan and intellectual property partner Henry Lebowitz and associate Tigist Kassahun.