Uber nears investment deal for self-driving car unit

📆 2019/04/18 06:00:00

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[BENGALURU] Uber Technologies Inc is nearing a deal with a group, including SoftBank Group Corp, to invest in its self-driving car unit to be valued at US$7.25 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Read more at The Business Times.

📆 2019/04/18 06:00:00
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Uber Technologies Inc is nearing a deal with a group, including SoftBank Group Corp, to invest in its self-driving car unit to be valued at US$7.25 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.[BENGALURU] Uber Technologies Inc is nearing a deal with a group, including SoftBank Group Corp, to invest in its self-driving car unit to be valued at US$7.25 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

SoftBank, Toyota Motor Corp and Japan-based auto-parts supplier Denso Corp are expected to invest a total of US$1 billion as part of the deal, which could be announced in the next few days, the report said. SoftBank closed its US$8 billion investment in Uber in January 2018, which gave it a 16 per cent stake in the ride-hailing company and made it the largest shareholder.Toyota and Denso declined to comment, while Uber and SoftBank did not respond to Reuters' requests for comment.

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Let's see. Major shareholder in Uber offers to buy automomus division that is losing 1 million dollars a day and has made no advances in technology for about 2 years thus increasing the chances of said shareholder getting money back. Sound legit to me🤔🙄

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