A consortium featuring SoftBank Vision Fund and Toyota is reportedly set to invest in the unit at a valuation of up to $10bn as Uber prepares for its IPO.

A consortium including telecommunications group SoftBank’s Vision Fund is in advanced talks to invest at least $1bn in a subsidiary of US-based ride hailing service Uber, the Wall Street Journal reported yesterday. The group is in discussions to acquire a minority stake in Uber’s autonomous driving technology unit at a valuation of between $5bn and…

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