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RTR: Uber’s trucking unit to buy Transplace for $2.25bn

RTR: Uber’s trucking unit to buy Transplace for $2.25bn

REUTERS reports:
Uber Technologies Inc (UBER.N) said on Thursday its trucking unit would buy transportation logistics company Transplace for about $2.25 billion from private equity firm TPG Capital.
The deal consists of up to $750 million in Uber common stock and the remainder in cash, the ride-share company said in a statement.
Transplace will be acquired by Uber Freight, which is Uber’s trucking unit.
“This transaction is expected to accelerate Uber Freight’s path to …

The post RTR: Uber’s trucking unit to buy Transplace for $2.25bn appeared first on The Loadstar.


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22 July 2021, 16:18