UiPath Billionaire Said to Seek Stake in Luxury Developer
- UiPath CEO Dines said to be in talks to buy 5% in One United
- Deal may close in next few days ahead of One IPO in Bucharest
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Daniel Dines, the billionaire founder of automation software maker UiPath Inc., is in talks to buy a minority stake in luxury developer One United Properties before its planned initial public offering on the Romanian stock exchange, according to people familiar with the negotiations.
With a fortune estimated at about $7 billion, according to the Bloomberg Billionaires Index, Dines is negotiating to buy 5% of One United, before the company makes its stock market debut next month, said the people who asked not to be identified because the information isn’t public. A final decision is expected in the coming days.