Uber Nears Investment Deal for Self-Driving Car Unit - News Summed Up

Uber Nears Investment Deal for Self-Driving Car Unit


CEO Dara Khosrowshahi says Uber is on track to go public later this year, a move that could make it the biggest IPO of 2019. WSJ’s Jason Bellini breaks down five ways Uber is preparing itself for its market debut. Illustration: Laura KammermannUber Technologies Inc. is nearing a deal with a group including SoftBank Group Corp. that would invest in its self-driving car unit at a valuation of $7.25 billion, according to people familiar with the matter, as the ride-sharing firm readies its initial public offering. SoftBank, Toyota Motor Corp. and Japanese auto-parts supplier Denso Corp. are expected to invest a total of $1 billion in the Uber division as part of the deal, which could be announced in the next few days, the people said.


Source: Wall Street Journal April 17, 2019 18:00 UTC



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