"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."
"That said, Russell and Luminar spent the first month of the bankruptcy case fighting over a subpoena. The company has said it is still evaluating whether to take legal action against Russell, tied to his resignation last May, which followed a board-run ethics inquiry. While Russell already turned over his computers to Luminar, he had been holding onto his phone until he received a guarantee from the company that any personal information on the device would be protected. Luminar accused him of dodging the subpoena."
MicroVision submitted a $33 million bid for Luminar's lidar business after a court-run auction concluded on Monday, topping an earlier Quantum Computing Inc. stalking-horse bid. The sale will be subject to judge approval at a hearing scheduled Tuesday afternoon. It is unclear whether founder Austin Russell submitted a bid; Russell previously attempted to buy the company through Russell AI Labs in October 2025 and signaled interest during the bankruptcy process. Russell and Luminar engaged in a dispute over a subpoena related to his resignation and an ethics inquiry; Russell turned over computers but negotiated protections for personal information on his phone. A sale could quickly conclude the bankruptcy case.
Read at TechCrunch
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