Transport Topics (July 23, 2021)
Uber Freight announced it will acquire managed transportation provider Transplace from TPG Capital for $2.25 billion. The deal consists of up to $750 million in common stock of Uber Freight\u2019s parent company, Uber Technologies Inc., and the rest in cash. Once the deal is finalized, Uber Freight\u2019s brokerage will continue to operate independently from Frisco, Texas-based Transplace\u2019s managed transportation services, according to the San Francisco-based digital freight broker. The transaction is expected to close later this year or in the first half of 2022.\nLearn more about your ad choices. Visit podcastchoices.com/adchoices