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Home / Business / SoftBank and other investors can buy $ 1 billion in Uber's self-propelled cars

SoftBank and other investors can buy $ 1 billion in Uber's self-propelled cars



SAN FRANCISCO – Uber is negotiating to sell a stake in its self-propelled technology unit to SoftBank and other investors for as much as $ 1 billion, as the company is preparing to become public, according to four people with knowledge of the case.

The conversations are still ongoing and cannot result in an investment, the people said, requesting anonymity because they were not authorized to speak publicly. Apart from SoftBank, the investor consortium includes a car manufacturer, they added.

According to the terms of the proposed agreement, investors would purchase from a pool of the Uber share specifically earmarked for the self-propelled technology unit. Uber wanted to maintain the majority of the self-employed arm and would use the investment to fund its research and development. The deal would appreciate the $ 5 billion $ 1

0 billion self-propelled business, the people said.

Uber filed confidential to become public in December in what would be one of the greatest technological preliminary public offerings in recent years. The company, based in San Francisco, can make a valuation of $ 120 billion on the stock market.


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