Uber in talks with SoftBank, others for $1b investment in self-driving unit

A pedestrian checks a mobile device in front of the Uber Technologies Inc. headquarters building in San Francisco, California, U.S. Photographer: David Paul Morris/Bloomberg

Uber Technologies Inc. is in advanced discussions to spin out its costly self-driving-car unit and sell a $1 billion stake to a consortium of investors led by SoftBank Group Corp., people familiar with the plans said.

Continue reading this story with a subscription to DealStreetAsia.

Subscribe

Contact us for corporate subscriptions at subs@dealstreetasia.com.