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.