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Uber to Take $2 Billion Charge for Writedown of Didi, Grab Stakes

By
Amir Efrati
· · Source: The Information

Uber late Thursday said it would take a charge of about $2 billion in the first quarter to reduce the carrying value of its its minority equity investments in other ride-hailing companies affected by the virus-related shutdown—namely Didi Chuxing and Grab. The move will raise its net loss for the quarter. Previously it had said those investments were collectively worth about $10 billion. The...

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