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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 +2.87% , a Japanese auto-parts maker, and Toyota /zigman2/quotes/203803129/delayed JP:7203 +4.17% will contribute about $667 million, while SoftBank's /zigman2/quotes/207303954/delayed JP:9984 +4.30% 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
¥ 4,012.00
+112.00 +2.87%
Volume: 1.74M
May 26, 2020 3:00p
P/E Ratio
45.65
Dividend Yield
3.49%
Market Cap
¥3021.99 billion
Rev. per Employee
¥31.92M
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/zigman2/quotes/203803129/delayed
JP : Japan: Tokyo
¥ 6,649.00
+266.00 +4.17%
Volume: 7.74M
May 26, 2020 3:00p
P/E Ratio
7.69
Dividend Yield
3.31%
Market Cap
¥17656.40 billion
Rev. per Employee
¥81.43M
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 4,805.00
+198.00 +4.30%
Volume: 25.66M
May 26, 2020 3:00p
P/E Ratio
32.24
Dividend Yield
0.92%
Market Cap
¥9527.24 billion
Rev. per Employee
¥126.96M
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