A consortium featuring SoftBank Vision Fund and Toyota is reportedly set to invest in the unit at a valuation of up to $10bn as Uber prepares for its IPO.
A consortium including telecommunications group SoftBank’s Vision Fund is in advanced talks to invest at least $1bn in a subsidiary of US-based ride hailing service Uber, the Wall Street Journal reported yesterday.
The group is in discussions to acquire a minority stake in Uber’s autonomous driving technology unit at a valuation of between $5bn and $10bn, people familiar with the negotiations told the WSJ. Carmaker Toyota is also part of the consortium, sources told Reuters.
Uber’s self-driving car division has…
