Microsoft Partners With GM’s Cruise On Self-Driving Cars
General Motors and Microsoft shares moved higher after the two companies announced a partnership for self-driving cars. Microsoft has agreed to join other institutional investors, GM and Honda on a more than $2 billion new equity investment in Cruise, GM’s majority-owned self-driving car segment. Q4 2020 hedge fund letters, conferences and more Details on Microsoft's self-driving car partnershipAfter the new equity investment, Cruise's post-money valuation is approaching $30 billion, according to CNBC. In today's announcement, the companies said Microsoft will become GM's and Cruise's preferre...