Uber Is Considering Spinning Off Freight Logistics Division
- IPO considered likely option but sale of freight unit possible
- Move would narrow Uber’s focus on ride service, food delivery
Uber Technologies headquarters in San Francisco.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Uber Technologies Inc. is exploring whether to spin off its Uber Freight logistics arm in a sale or as a separate publicly traded company to streamline its focus on ride hailing and food delivery, according to people familiar with the matter.
The company is discussing its options with potential advisers, said the people, who asked not to be identified because the plans are private.