Ouster and Velodyne set to Merge
Ouster (NYSE: OUST) and Velodyne (NASDAQ: VLDR) have decided to merge, combining almost USD400 Million in market value. According to the companies, the move will allow them to boost their competitiveness in a market that has experienced a drop in valuations as investors become more disillusioned with autonomous vehicle technology. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”OUST” …