Uber announced it had secured a $1 billion investment in its self-driving-car division from SoftBank’s tech fund and two other Japanese companies
Uber Technologies Inc. on Thursday said it struck a deal with a group including SoftBank Group Corp.’s tech fund for a $1 billion investment in its self-driving-car unit as the ride-hailing company prepares for an initial public offering.
The investment, which includes money from auto maker Toyota Motor Corp. and Japanese auto-parts maker Denso Corp., values the driverless-car division at $7.25 billion.
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