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Report: Toyota To Invest $500M In Uber

Posted at 2:37 PM, Aug 27, 2018

(CNBC) — Toyota is eyeing a $500 million investment in ride-hailing giant Uber at an eye-popping valuation of $72 billion, the Wall Street Journal reported Monday.

That’s a significant jump from Uber’s most recently stated valuation of $62 billion, based on a self-reported tender offer from the end of the first quarter.