Baidu-backed maker of self-driving vehicle sensors said to be in talks to go public

//Baidu-backed maker of self-driving vehicle sensors said to be in talks to go public

Baidu-backed maker of self-driving vehicle sensors said to be in talks to go public

Blank-check company Graf Industrial Corp is in talks to merge with Baidu-backed Velodyne Lidar, a deal that would take public the maker of sensors used in self-driving vehicles, according to people familiar with the matter.Graf Industrial is working with an adviser to help raise funding for the potential transaction, said the people, who asked to not be identified because the matter is not public. No deal has been reached and Graf Industrial could opt to pursue another target, one of the people…

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By | 2020-06-27T04:57:03+00:00 June 27th, 2020|Business|Comments Off on Baidu-backed maker of self-driving vehicle sensors said to be in talks to go public