Uber Technologies Inc. UBER, +1.80% said Friday that an investor group led by Greenbriar Equity Group LP is investing $500 million in Uber Freight, the company’s logisitics arm, in a Series A preferred stock financing that values the unit at $3.3 billion. Uber will continue to have majority control of Uber Freight, but Greenbriar will add two partners to the Uber Freight board.
The money will be used to continue to scale …
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Source: The Loadstar