Uber Sells $500M Stake In Its Freight Business ...

Uber Technologies is selling a stake in its Uber Freight truck brokerage arm for $500m to investors in a funding round led by Greenbriar Equity Group, pumping fresh cash into a business that has been growing rapidly while also losing money at a fast clip.

Uber sells $500M stake in its freight business ...

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Uber Technologies Inc. is selling a stake in its Uber Freight truck brokerage arm for $500 million to investors in a funding round led by Greenbriar Equity Group LP, pumping fresh cash into a business that has been growing rapidly while also losing money at a fast clip.

Uber recently pulled out of the freight brokerage business in Europe, where the venture was relatively new and more capital-intensive. In September, Berlin-based sennder said it acquired that business in an all-stock transaction, with Uber to take a minority stake in the digital freight forwarder. 041b061a72