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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

Business Insider Wednesday, 13 March 2019 ()
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 

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. 

The deal would value Uber's Advanced...
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News video: SoftBank, Toyota in talks to invest in Uber's self-driving unit: sources

▶ SoftBank, Toyota in talks to invest in Uber's self-driving unit: sources 02:22

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.

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Recent related news from verified sources

Uber is talking to Softbank about a $1 billion investment in its self-driving car business

Uber is talking to Softbank about a $1 billion investment in its self-driving car business
· Softbank's Vision Fund and several other entities are in late stage talks to invest $1 billion into the ride-hailing giant's self-driving car unit, according...
Business Insider Also reported by •Reuters IndiaBangkok PostJapan TodaySFGateSmartBriefJust-AutoTechCrunchNYTimes.com

Uber will reportedly file for IPO next month

Uber, on the heels of Lyft’s official documentation for its initial public offering, is expected to file its S-1 in April, Reuters reports. Uber, in December,...
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Uber hires more IPO underwriters as it prepares to go public - sources

By Carl O'Donnell and Joshua Franklin (Reuters) - Ride-hailing startup Uber Technologies Inc has hired a string of investment banks to its syndicate of initial...
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