Buffett proposed to invest $3 billion in Uber, but talks failed – Bloomberg

FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking/File Photo

(Reuters) – Billionaire Warren Buffett had proposed to invest $3 billion in Uber Technologies Inc earlier this year, but the talks failed following disagreements over the deal’s terms, Bloomberg reported on Wednesday, citing unidentified people familiar with the matter. Buffett’s Berkshire Hathaway Inc would have provided a convertible loan to Uber that would have protected […]

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