Announced
PayPal invested $500m in Uber Technologies.
Financials
Sources
Tags
Private
transportation services
car hire
e-commerce
online taxi booking
Transportation Services
Digital Services
United States
Acquisition
Minority
Synopsis
Global online payments system PayPal invested $500m in Uber Technologies, a transportation network company offering services that include peer-to-peer ridesharing, ride service hailing, food delivery, and a bicycle-sharing system. PayPal will invest in Uber through a concurrent private placement at the IPO price.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.