Uber to Seek Partial Sale of $6.3 Billion Didi Stake
- The U.S. ride-hailing giant got the stock as it exited China
- SoftBank is involved in discussions for Uber to sell its stock
Photographer: Qilai Shen/Bloomberg
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Uber Technologies Inc. is seeking to sell part of its $6.3 billion stake in China’s Didi Chuxing, as it begins to shed minority holdings to raise cash, according to people familiar with the matter.
The San Francisco-based ride-hailing pioneer is beginning to monetize stakes in other companies in an effort to boost its own share price, the people said, asking not to be identified because the discussions are private. Uber shares were down about 3% Thursday in New York to $36.41, well below the $45 a share at which it went public in May 2019.