PayPal Will Invest About $500 Million in Uber at IPO Price: WSJ

(Bloomberg) -- PayPal Holdings Inc. will invest around $500 million in Uber Technologies Inc. at the price of the ride-hailing company’s initial public offering through a private placement, the Wall Street Journal reported, citing unidentified people familiar with the matter.

• Pact to be announced Friday morning in a filing
• NOTE: Uber Said to Aim for IPO Valuation of as Much as $90 Billion (2)

To contact the reporter on this story: Michael Sin in Hong Kong at msin12@bloomberg.net

To contact the editors responsible for this story: Niluksi Koswanage at nkoswanage@bloomberg.net, Chua Baizhen, Dominic Lau

©2019 Bloomberg L.P.