Luminar's Lidar Business Sold to MicroVision for $33 Million Despite Mystery Bid

Luminar's lidar business sale to MicroVision was approved despite a last-minute bid that was reportedly substantially higher. The identity of the bidder was not revealed, but it was described as an "insider purchaser" likely from founder Austin Russell. Russell had previously attempted to buy the company before it slid into bankruptcy. The sale of Luminar's semiconductor division to Quantum Computing Inc. was also approved, and the transactions are expected to close in the coming weeks.