FILE PHOTO: Uber’s logo is displayed on a mobile phone, September 14, 2018. REUTERS/Hannah Mckay/File Photo
(Reuters) – A consortium that includes SoftBank Group Corp is in late-stage talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, the Wall Street Journal reported on Wednesday, citing people familiar with the negotiations.
SoftBank’s Vision Fund and other investors, including at least one unnamed automaker, would take a minority stake in the self-driving vehicle unit at a valuation of between $5 billion and $10 billion, the Journal said.
The talks are fluid and could still fall apart but should there be a deal, it could surface next month, the report said.
Reporting by Rama Venkat in Bengaluru