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April 18, 2019, 8:59 p.m. EDT

Uber announces $1 billion investment in self-driving-vehicle unit

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By Mike Murphy

Uber Technologies Inc. late Thursday announced a $1 billion investment in its self-driving-vehicle unit, just weeks ahead of its highly anticipated IPO. "Excited to announce Toyota, Denso and the SoftBank Vision Fund are making a $1B investment in @UberATG, as we work together towards the future of mobility," Chief Executive Dara Khosrowshahi tweeted . Denso /zigman2/quotes/201343434/delayed JP:6902 -0.30% , a Japanese auto-parts maker, and Toyota /zigman2/quotes/203803129/delayed JP:7203 -0.70% will contribute about $667 million, while SoftBank's /zigman2/quotes/207303954/delayed JP:9984 +2.90% Vision Fund will chip in about $333 billion, CNBC reported . The investment values Uber's Advanced Technologies Group at $7.25 billion, according to Dow Jones Newswires. Uber is expected to go public in early May.

/zigman2/quotes/201343434/delayed
JP : Japan: Tokyo
¥ 4,315.00
-13.00 -0.30%
Volume: 621,100
May 21, 2019 11:17a
P/E Ratio
13.22
Dividend Yield
3.24%
Market Cap
¥3344.35 billion
Rev. per Employee
¥31.92M
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/zigman2/quotes/203803129/delayed
JP : Japan: Tokyo
¥ 6,481.00
-46.00 -0.70%
Volume: 2.14M
May 21, 2019 11:17a
P/E Ratio
10.01
Dividend Yield
3.39%
Market Cap
¥18416.50 billion
Rev. per Employee
¥81.43M
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 10,640.00
+300.00 +2.90%
Volume: 4.37M
May 21, 2019 11:17a
P/E Ratio
8.45
Dividend Yield
0.83%
Market Cap
¥10854.50 billion
Rev. per Employee
¥126.96M
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