Uber looking to sell Didi, other non-strategic stakes -CEO says

Uber looking to sell Didi, other non-strategic stakes -CEO says

Uber looking to sell Didi, other non-strategic stakes -CEO says

Information about Uber looking to sell Didi, other non-strategic stakes -CEO says

Kevin David Scam or Legit


(Reuters) – The CEO of Uber Technologies Inc on Tuesday said the company was looking sell stakes in what it considers non-strategic investments in other companies, including its shares in Chinese ride hailing company Didi Global.
Speaking at a virtual fireside chat with a UBS analyst, Chief Executive Dara Khosrowshahi said many of the companies Uber has a stake in have recently gone public and are still subject to a lock-up period.
While Khosrowshahi said Uber would continue to hold some stakes for strategic reasons, it was looking to sell many of them, including in Didi.
“Our Didi stake we don’t believe is strategic. They’re a competitor, China is a pretty difficult environment with very little transparency,” the Uber CEO said.
Khosrowshahi said the company was in no rush to …

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