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Discussion :: Business - Latest Current Affairs (Q.No.309)

309. 

Which of the following company won $1bn investment from Toyota, SoftBank fund?

[A]. Uber
[B]. Netflix
[C]. Taxify
[D]. Tesla

Answer: Option A

Explanation:

UBER unveiled an investment of $1 billion in U.S. company Uber to drive forward the development of driverless ridesharing services. The latest cash injection, expected to close in the third quarter this year, came amid fevered anticipation of Uber's public share offering which is expected to be the largest in the tech sector for years. Toyota has already invested $500 million in Uber as the firm races Google-owned Waymo and a host of other companies, including major automakers, to develop self-driving vehicles.

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