April 16, 2020 / 9:20 PM / 4 months ago

Uber to take charge of up to $2.2 bln due to coronavirus crisis

April 16 (Reuters) - Uber Technologies Inc said on Thursday it expected an impairment charge of about $1.9 billion to $2.2 billion against some of its minority equity investments, due to the impact of the coronavirus outbreak on the value of those entities.

The ride-sharing company also withdrew here its 2020 guidance for gross bookings, adjusted net revenue and adjusted EBITDA. (Reporting by Ayanti Bera in Bengaluru; Editing by Shinjini Ganguli)

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