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Uber close to sale of $1 billion stake in self-driving business arm

Uber Technologies Inc. is in advanced discussions to sell a $1 billion stake in its costly self-driving car unit to a consortium of investors led by SoftBank Group Corp. The deal would value the autonomous-vehicle business of Uber between $5 billion to $10 billion. Uber would still retain a majority stake. SoftBank is also Uber’s largest shareholder.

Read More at The Financial Express News date : 14 Mar 2019, Thursday

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