March 13, 2019 / 10:47 PM / a month ago

SoftBank, others in talks to invest $1 bln in Uber's self-driving unit -WSJ

March 13 (Reuters) - A consortium that includes SoftBank Group Corp is in late-stage talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, the Wall Street Journal reported on Wednesday, citing people familiar with the negotiations.

SoftBank's Vision Fund and other investors, including at least one unnamed automaker, would take a minority stake in the self-driving vehicle unit at a valuation of between $5 billion and $10 billion, the Journal said on.wsj.com/2Fb3GuQ.

The talks are fluid and could still fall apart but should there be a deal, it could surface next month, the report said. (Reporting by Rama Venkat in Bengaluru)

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