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Toyota to invest $500m in Uber at $72b valuation: report



Dara KhosrowshahiGetty

Toyota is going to invest $500 million into Uber at a mammoth $72
billion company valuation,
according to a new report from The Wall Street Journal
people familiar with the matter. 

Uber and Toyota have previously been in talks about self-driving
technology. Toyota previously invested in Uber in 2016.
And a report from March 2018 said
that Uber was discussing
selling self-driving tech to the company. 

A spokesperson for Uber did not immediately respond to a request
for comment. 

This story is developing…

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