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Uber Said to Hold Talks on $500 Million Freight-Unit Investment

  • Deal could value the subsidiary at $4 billion if completed
  • Chicago-based division has grown rapidly with widening losses
uber freight handout

Source: Uber Technologies Inc. 

Updated on

Uber Technologies Inc. is in talks with investors interested in taking a stake in its Uber Freight division, according to people with knowledge of the matter.

The San Francisco-based company, led by Dara Khosrowshahi, held discussions to raise $500 million in a funding round that would give its freight business a standalone valuation of about $4 billion after the deal, said one person, who requested anonymity because the talks are private. No transaction has been finalized, and the terms could change.