Uber Agrees to Sell its European Freight Unit to Sennder
- Uber to take minority stake in Sennder as part of deal
- Deal said to value unit at less than 900 million euros
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Uber Technologies Inc. has agreed to sell its European freight business in an all-stock transaction to Berlin-based logistics startup Sennder.
The deal values the unit at less that 900 million euros ($1.1 billion), a person familiar with the situation said, asking not the be identified as the details are private.