GM buys "Cruise" for $1B
Submitted by brad on Sat, 2016-03-12 15:15General Motors has purchased "Cruise," a small self-driving startup in San Francisco. Rumours suggest the price was over one billion dollars. In addition, other rumours have come to me suggesting that at least one other startup has been seeking a new round of funding at that valuation, but did not succeed due to the market downturn.