Summary by Moomoo AI
Uber Technologies, Inc. has filed an amendment to its Schedule 13D, reporting a significant stake in Aurora Innovation, Inc. The amendment, dated May 8, 2024, indicates that Uber, through its wholly-owned subsidiary Neben Holdings, LLC, beneficially owns 325,973,411 shares of Aurora's Class A common stock, representing approximately 27.9% of the outstanding shares as of February 2, 2024. This ownership calculation is based on Aurora's Annual Report for the fiscal year ended December 31, 2023. Uber's CEO, Dara Khosrowshahi, also serves on Aurora's board of directors. The filing suggests that Uber may consider various actions regarding its investment, including acquiring additional securities, proposing extraordinary transactions such as a merger, or disposing of its shares. The filing also states that Uber periodically reviews its investment based on several factors, including Aurora's business performance and market conditions, and may engage in discussions with Aurora's management and other stakeholders about the company's future.