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uber/lyft

Uber Sells Portion of Didi Chuxing Shares

By
Ross Matican
· · Source: The Information

Uber plans to sell 8% of its $6.2 billion stake in Chinese ride hailing giant Didi Chuxing by the end of this quarter, the company revealed in its fourth quarter earnings. Uber said it has sold $207 million worth of Didi shares and has a deal to sell another $293 million by the end of the quarter. Uber valued its 15% stake in Didi, which it received for selling its Chinese business to Didi...

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