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July 22, 2021 01:55 pm GMT

Uber Freight acquires Transpace for $2.25B

Uber Freight, the logistics business spun out of Uber in 2018, has acquired Transplace for about $2.25 billion from private equity group TPG Capital. The deal announced Thursday will involve $750 million in Uber stock with the remainder in cash. The acquisition of Transplace marks a ramping up of Uber Freight’s business as it aims […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/n83H30AbNSg/

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