Uber does not mention the financial details of the transaction, nor if Uber will remain a standalone app and business or be merged into Didi Chuxing. The valuation of the combined entity will be at $35 bn. Uber China investors will hold a 20% stake in the company and Uber will continue as an independent app. Didi Chuxing will reportedly invest $1 bn in Uber China, making Uber’s valuation at $68 bn.

Uber merging its Uber China business into Didi Chuxing

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