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Uber Freight to Acquire Transplace

Business Wire | July 22, 2021, 10 a.m.

SAN FRANCISCO & FRISCO, Texas--(BUSINESS WIRE)--Uber Freight and Transplace have entered into a definitive agreement for Uber Freight to acquire Transplace for approximately $2.25 billion, consisting of up to $750 million in common stock of Uber Freight’s parent company, Uber Technologies, Inc. (NYSE: UBER) and the remainder in cash. Uber Freight will acquire Transplace from TPG Capital, the private equity platform of alternative asset firm TPG. Uber Freight’s acquisition of Transplace will cre

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