The US ride-hailing company Uber (UBER) is to make a deal with self-driving car unit, according to the Wall Street Journal on Wednesday. 

According to the news, Softbank, Toyota and Japan-based auto-parts supplier Denso Corp would invest a total of one billion dollars in the deal. The deal is expected to be announced in the next few days.

Softbank is one of the biggest owners of the ride-hailing company with 16 % ownership. The company is preparing for an IPO and listing is expected to start in May.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s