Softbank's Vision Fund sold a portion of its stake in Uber worth $ 2 billion, to benefit from the strong gains in the US markets.
According to Arabiyanet, a company affiliated with SoftBank Vision Fund sold 38 million shares in Uber, at a price of $ 53 per share.
to keep the fund holding 184 million shares in Uber, with a current market value of $ 10 billion.
Uber's stock is up 150% from its lowest levels in March of last year.
Last December, technology company Uber sold its autonomous driving unit to Aurora Innovation, in exchange for a stake in the startup.
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This process led to the creation of a bigger competitor in the autonomous driving sector, which creates competition for big companies like Alphabet.
According to the deal, Aurora Innovation will be valued at $ 10 billion, as Uber will invest $ 400 million in the company in exchange for a 26% stake that rises to 40% after accounting for stakes. Employees and investors in Uber's autonomous driving division.
In addition, Uber's board of directors earlier agreed to pay $ 2.65 billion to acquire all shares of Postmats, a competition in food delivery.
