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23 hours agoLuminar sale approved despite last-minute mystery bid | TechCrunch
Luminar's lidar business will be sold to MicroVision for $33 million despite a substantially higher late bid, likely from founder Austin Russell.
MicroVision, a Redmond, Washington-based company that has been developing its own lidar sensors, submitted a $33 million bid, eclipsing the $22 million that Quantum Computing Inc. laid out a few weeks ago as the so-called "stalking horse" bidder. (Quantum Computing Inc. had upped its bid to $28 million but apparently was unwilling or unable to go higher.) The sale of Luminar's lidar business will now be subject to approval by the judge in the bankruptcy case.