Paypal will invest 500 million dollars in uber

Uber is expected to go public soon. A moment that will undoubtedly be of extreme importance for the company, which continues to make headlines around the world. PayPal does not want to miss this opportunity. For that reason, they plan to invest about 500 million dollars in the company, as several media already report. Furthermore, this could create synergies between the two companies.

PayPal to invest $ 500 million in Uber

This is an agreement that the two companies have reached. An agreement that occurs before the firm's IPO. So PayPal has not wanted to waste time.

Uber goes public

In this case, it is a purchase / investment of $ 500 million in common shares through private placement. Collaboration between the two companies is not something new. Since users always have the possibility to pay at Uber using PayPal. So the payment platform has been involved with the company for quite some time.

Now, with this investment, it is hoped to take this collaboration to a different level. Although we do not know if they already have specific plans on their part, in this regard. But it makes clear the mutual interest that exists.

Uber's IPO certainly promises to be an important moment. Since it is a firm that generates controversy worldwide, its use has even been prohibited in some cities. We will see how it is going public, since these types of companies tend to generate a lot of interest among investors.

BI source