Business > Technology

SoftBank and Toyota Looking to Invest $1 Billion in Uber Self-Driving Technology

3 monthes ago   |   By Fortune

Uber uber is in late-stage talks with firms including SoftBank sftby and Toyota tm regarding a $1 billion stake in its autonomous driving business.
This would represent a minority stake in the self-drive division, giving Uber some additional backup ahead of its planned IPO, the Wall Street Journal , Financial Times , Reuters and the New York Times are reporting.
Investors are nervous about the division's steep losses and lack of revenue and have been pushing Uber CEO Dara Khosrowshahi to spin it off or seek outside investment. SoftBank became Uber's largest shareholder last year when it...
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SoftBank and Toyota could invest $1 billion in Uber's self-driving unit

SoftBank and Toyota could invest $1 billion in Uber's self-driving unit

3 monthes ago   |   By Venture Beat

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, at a value of up to $10B.
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