Hot topics | Coronavirus pandemic

Uber Wants To Sell Part Of Its Stake In China's Didi For $6.3 Billion

Uber Wants To Sell Part Of Its Stake In China's Didi For $6.3 Billion

Taxi service Uber Technologies Inc. wants to sell part of its stake in the Chinese taxi ordering service Didi Chuxing worth $6.3 billion, Bloomberg writes, citing sources familiar with the situation.

According to sources, Uber is in talks to sell a stake in Didi with the Japanese company SoftBank Group, which is a major shareholder in both companies. "Although various scenarios are being discussed, one option is for SoftBank to merge with other investors to acquire a minority portion of Uber's 15 percent stake in Didi," the Agency wrote.

According to the Agency's interlocutors, Uber is starting to get rid of minority stakes to raise money. At the same time, in the first quarter, the company has already reduced its stake in Didi to a package worth $ 6.3 billion from $8.2 billion. At the same time, the entire Didi company, according to the Agency, is estimated at $ 56 billion.

Didi Chuxing (Didi) is the world's leading mobile platform for providing transportation services. The company offers a full range of transportation and life support services available through the app to more than 550 million users in Asia, Latin America, and Australia. These include taxi services, Express, luxury, Premier transportation, bus service, "Sober driver" service, solutions for corporate clients, Bicycle and car rental, as well as food delivery and payment services. The service carries out more than 10 billion passenger trips a year.

Uber is a car transportation service that allows you to order a private taxi. The company was established in 2009, and it has a headquarter in San Francisco. Today, Uber services are available in more than 100 cities around the world. The company receives a commission of 20% from taxi drivers for each call.

You may also like: