Uber nears investment deal for self-driving car unit: WSJ


  • TECH
  • Thursday, 18 Apr 2019

Uber sign is seen on a car in New York, U.S., April 12, 2019. REUTERS/Shannon Stapleton

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$7.25bil (RM30.15bil), the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

SoftBank, Toyota Motor Corp and Japanese auto-parts supplier Denso Corp are expected to invest a total of US$1bil (RM4.15bil) as part of the deal, which could be announced in the next few days, the report said.

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