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CEO Dara Khosrowshahi is in talks about the sale with Didi and SoftBank Group Corp, with a possible scenario of the Japanese conglomerate teaming up with other investors to acquire Uber’s 15% stake in Didi, according to the report.
Uber and Softbank (OTC:SFTBY) were not immediately available for comment, while Didi said it had no comment on the report.
In April, Uber said it expects an impairment charge of up to $2.2 billion against the carrying value of some of the company’s minority equity investments due to the impact of the COVID-19 pandemic.
Uber holds 37% stake in Russia’s Yandex (NASDAQ:YNDX) Taxi and about 18% stake in Singapore-based Grab, according to the company’s 2020 investor presentation https://s23.q4cdn.com/407969754/files/doc_financials/2020/q2/InvestorPresentation_2020_Q2.pdf dated Aug. 6.
