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Uber reportedly considering spinning off its freight business - SiliconANGLE

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Uber Technologies Inc. is reportedly considering spinning off its Uber Freight business in a sale or as a publicly traded firm. Bloomberg, referencing people familiar with the matter today, said the spin-off is being considered as Uber is looking to streamline its focus on ride-hailing and food delivery. A decision to spin off Uber Freight is said to be not imminent and the company’s plan could change. The same sources say an initial public offering is a more likely outcome and if Uber decides to go with an IPO, it may not happen until next year and will depend on market conditions. Uber has declined to comment on the report. Founded in 2017, Uber Freight is a logistics and supply chain management firm that connects truck drivers to shipping companies, quite literally Uber for trucks in all but name, with a range of additional services. The company was partially spun off in October 2020 when it raised $300 million on a $3.5 billion valuation from Greenbriar Equity Group L.P. According

Uber reportedly considering spinning off its freight business - SiliconANGLE You are using an outdated browser. Please upgrade your browser to improve your experience. SHARE UPDATED 20:05 EDT / MARCH 08 2023 EMERGING TECH Uber reportedly considering spinning off its freight business by Duncan Riley Uber Technologies Inc. is reportedly considering spinning off its Uber Freight business in a sale or as a publicly traded firm. Bloomberg , referencing people familiar with the matter today, said the spin-off is being considered as Uber is looking to streamline its focus on ride-hailing and food del

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