Ride-hailing firm Uber Technologies Inc has agreed to sell its U.S. auto-leasing business Xchange Leasing to startup car marketplace Fair.com, The Wall Street Journal reported on Tuesday, citing people familiar with the matter.
The net book value of Xchange Leasing’s more than 30,000 vehicles was about $400 million, WSJ reported, citing a company document that was compiled for prospective buyers.
SOURCE REUTERS
