Alphabet Inc.-backed (NASDAQ:GOOGL) (NASDAQ:GOOG) Waymo has reportedly acquired Apple Inc.'s (NASDAQ:AAPL) self-driving proving facility in Arizona for $220 million.
Waymo Acquires Apple Facility On Monday, the Phoenix Business Journal first reported that Waymo acquired the property from Delaware-based Route 14 Investment Partners LLC, which is associated with Apple.
The 5,500-acre facility includes a 115-acre city course, as well as a four-mile oval track and a freeway course.
Read Also: Tesla Removes Robotaxi Safety Monitors And Widens Austin Map, But Fleet Shrinks To 20 Cars Waymo didn't immediately respond to Benzinga's request for comment.
Apple acquired it for $125 million in 2021, with the Cupertino-based giant undertaking development efforts for proprietary self-driving technology since 2014 under the project "Titan" initiative.
