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Uber Is Close to Securing Investors for Its Self-Driving Car Unit

  • SoftBank is said to plan to lead $1 billion investment
  • Uber would retain control over its autonomous business
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Uber Is Said to Near Sale of $1 Billion Self-Driving Stake
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Uber Technologies Inc. is in advanced discussions to sell a $1 billion stake in its costly self-driving car unit to a consortium of investors led by SoftBank Group Corp., people familiar with the plans said.

The deal would value the autonomous-vehicle business at $5 billion to $10 billion, and Uber would retain a majority stake, said the people, who asked not to be identified because the discussions are private. The plans aren’t finalized and could fall apart.