News / Uber's $2.25bn Transplace purchase will push freight division into the black

© Dennizn - Uber Freight

Uber’s $2.25bn acquisition of US Transplace will push its freight division into profitability, as well as expand the services it offers online.

Uber said the deal would be funded by $1.5bn cash and the remaining $750m in common stock of Uber Freight’s parent company, Uber Technologies, from Transplace’s former owner, private equity firm TPG Capital, adding to the growing number of PE firms on its shareholder roster.

“This transaction will enable Uber Freight to serve substantially more customers at all levels of ...