Uber Freight announces blockbuster $2.25 billion acquisition and...

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2021-07-22 22:35:32 -

Uber Freight announces blockbuster $2.25 billion acquisition and ‘a new era of logistics management’

On Thursday morning, Uber Freight announced plans to acquire one of the largest managed transportation and logistics networks in the world. Uber Freight will acquire Transplace from TPG Capital for approximately $2.25 billion, according to a July 22 announcement from the two companies. The company will pay out $750 million in common stock from Uber Technologies and the rest in cash. The...

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