Softbank and an automaker are in 'late stage talks' to pump $1 billion into Uber's self-driving car group ahead of the big IPO
Wednesday, 13 March 2019 ()
Uber is in "late stage talks" with SoftBank and others about a $1 billion investment into its self-driving car unit, the Wall Street Journal reported on Wednesday. This would shore up one of Uber's costliest business ahead of its IPO, which is expected to happen this summer.
A group of investors led by SoftBank and Toyota is in talks to invest $1 billion or more into Uber's self-driving vehicle unit, which would value the unit at $5 billion to $10 billion, said two people familiar with the talks. Ed Giles reports.
Matthew Cheslock, an equity trader at Virtu Financial, talked to TheStreet about Lyft's roadshow and what the ride-hailing service's aim to raise $2 billion means for the company. "If they can get $2..
Business Insider reports that Lyft is seeking a valuation of up to $23 billion. The company is going on its IPO roadshow this week, according to Reuters and The Wall Street Journal. The company wants..
Ride-hailing platform Lyft will launch the investor road show for its initial public offering on Monday, seeking to raise as much as $2 billion and to be valued at more than $20 billion, according to..
According to Business Insider, autonomous cars start hitting the market by the end of 2019. By the end of 2019, Google spinoff Waymo, Uber, and GM all plan to have fleets of autonomous cars deployed in..