Ron Burgundy Posted August 1, 2016 Share Posted August 1, 2016 (Reuters) - Ride-hailing firm Didi Chuxing said on Monday it will buy Uber's China operations, in a deal that will give Uber a stake in the company and end bruising competition between the two. The deal is valued at $35 billion, according to a source familiar with the matter who didn't want to be named before the deal was made public, combining Didi's $28 billion worth and Uber China's $7 billion valuation. Didi confirmed the agreement on its official microblog, but gave no valuation. View the full article Quote Link to comment Share on other sites More sharing options...
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