Uber valued at about $62B in new offer to buy company stock
Three investors are looking to buy stakes in Uber in an offer that values the company at $62 billion.
The ride-hailing giant said Wednesday the investors want to buy up to $600 million worth of the private company's stock. They're offering $40 per share, giving Uber a valuation that's nearly 30 percent above the $48 billion set in a January stock sale.
The announcement comes as Uber posted a $2.46 billion first-quarter net profit largely due to one-time gains from the sale of businesses in Southeast Asia and Russia.
Without the gains, the company still lost money before taxes and depreciation, but the $304 million in red ink was half the amount from a year ago.