© Reuters. SoftBank, others in talks to invest $1 billion in Uber’s self-driving unit: WSJ

(Reuters) – A consortium that includes SoftBank Group Corp is in late-stage talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, the Wall Street Journal reported on Wednesday, citing people familiar with the negotiations.

SoftBank’s Vision Fund and other investors, including at least one unnamed automaker, would take a minority stake in the self-driving vehicle unit at a valuation of between $5 billion and $10 billion, the Journal said.

The talks are fluid and could still fall apart but should there be a deal, it could surface next month, the report said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link