PayPal to invest $500 million in Uber

Posted by - April 26, 2019

Online payments company PayPal Holdings Inc set to invest $500 million in Uber Technologies Inc as the ride-hailing firm readies to unveil terms for its initial public offering recently. PayPal to invest in Uber through a concurrent private placement at the IPO price, IFR reported on Thursday, citing sources. A financial services component is important