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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 +0.54% , a Japanese auto-parts maker, and Toyota /zigman2/quotes/203803129/delayed JP:7203 -0.61% will contribute about $667 million, while SoftBank's /zigman2/quotes/207303954/delayed JP:9984 -1.60% 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
¥ 4,645.00
+25.00 +0.54%
Volume: 419,300
July 18, 2019 9:16a
P/E Ratio
14.23
Dividend Yield
3.01%
Market Cap
¥3603.94 billion
Rev. per Employee
¥31.92M
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/zigman2/quotes/203803129/delayed
JP : Japan: Tokyo
¥ 6,984.00
-43.00 -0.61%
Volume: 780,600
July 18, 2019 9:16a
P/E Ratio
10.79
Dividend Yield
3.15%
Market Cap
¥19827.10 billion
Rev. per Employee
¥81.43M
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 4,988.00
-81.00 -1.60%
Volume: 1.87M
July 18, 2019 9:16a
P/E Ratio
3.96
Dividend Yield
0.44%
Market Cap
¥10362.00 billion
Rev. per Employee
¥126.96M
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