Publicado: Sol, Marcha 17, 2019
Financiera | Por Marilu Caballero

SoftBank, Toyota in talks to invest $1B in Uber's self-driving unit

SoftBank, Toyota in talks to invest $1B in Uber's self-driving unit

Uber has been in a race with Google-owned Waymo and a host of other companies, including major automakers, to develop self-driving vehicles.

Uber is planning to file its S-1 prospectus with the Securities and Exchange Commission in April and begin its investor roadshow shortly thereafter, Reuters said, citing unnamed people familiar with the matter.

We've reported that Uber could be valued as high as $120 billion based on the investments its received thus far.

But Uber is under scrutiny for its losses - its net loss was $842 million in the fourth quarter - and self-driving technologies are expensive. But he has indicated a desire to continue developing autonomous cars in the hope that Uber will lead the way to a possible future where robots replace human drivers. We can expect to learn things like Uber's full 2018 financial performance and just how much money the company has been losing. In the past, Uber has considered spinning off the unit as a separate entity. As part of an agreement with employees, the company rewarded them with equity in Uber Freight as a stand-alone business late past year.

Eduardo Feinmann y sus picantes mensajes por la salud de Flor Kirchner
La ex presidente se refiere a la acusación por integrar una asociación ilícita que pesa sobre Florencia , la que Cristina destaca que fue hecha "el mismo día en el que murió su padre", Néstor Kirchner.

Uber's revenue a year ago was $11.3 billion, while its gross bookings from rides were $50 billion.

Finance and technology enthusiasts will finally get to witness one of Silicon Valley's most highly anticipated initial public offerings as early as next month when ride-hailing platform Uber finally goes public. But considering the massive bet it has on Uber, SoftBank will want to do whatever it can to boost the business. SoftBank has invested $2.25 billion in General Motors Co's self-driving unit Cruise, which has also received funds from Honda Motor Co Ltd.

Lyft and Uber are not only competing for customers but, in the close timing of their respective IPOs, for investor dollars as well. The move was meant to let Uber put its self-driving technology in Toyota vehicles.

A Toyota spokesman told Reuters that it "constantly reviews and considers various options for investment" but did not confirm the talks.

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