(Bloomberg) — PayPal Holdings Inc. will invest around $500 million in Uber Technologies Inc. at the price of the ride-hailing company’s initial public offering through a private placement, the Wall Street Journal reported, citing unidentified people familiar with the matter.
Pact to be announced Friday morning in a filingNOTE: Uber Said to Aim for IPO Valuation of as Much as $90 Billion (2)
To contact the reporter on this story: Michael Sin in Hong Kong at [email protected]
To contact the editors responsible for this story: Niluksi Koswanage at [email protected], Chua Baizhen, Dominic Lau
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