Uber nears deal with Softbank-led group for self-driving car unit: Report

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

Company News: Uber Technologies Inc is nearing an arrangement with a gathering, including SoftBank Group Corp, to put resources into its self-driving vehicle unit to be esteemed at $7.25 billion, the Wall Street Journal gave an account of Wednesday, refering to individuals acquainted with the issue.

SoftBank, Toyota Motor Corp and Japanese automobile parts provider Denso Corp are relied upon to contribute an aggregate of $1 billion as a major aspect of the arrangement, which could be declared in the following couple of days, the report said.
SoftBank shut its $8 billion interest in Uber in January 2018, which gave it a 16 percent stake in the ride-hailing organization and made it the biggest investor.
The Japanese innovation venture finance likewise has interests in General Motors Co's self-driving vehicle auxiliary Cruise. SoftBank and automaker Honda Motor Co have contributed a sum of $5 billion for gaining separate minority stakes in Cruise.Read More

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