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Business deals

SoftBank, others set to invest in Uber's self-drive unit: report

US ride-hailing giant plans to spin off division valued at up to $10bn

A self-driving Volvo, part of Uber's autonomous driving fleet, moves through an intersection in the U.S. state of Arizona.   © Reuters

PALO ALTO, U.S. -- A consortium that includes SoftBank Group is in talks to invest in Uber Technologies' self-driving vehicle unit, The Wall Street Journal reported on Wednesday.

The deal would value the unit at $5 billion to $10 billion.

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