Uber Technologies (NYSE: UBER) is reported to be in talks to take on additional investors in its digital brokerage unit, Uber Freight. Bloomberg published an article attributed to “people with knowledge of the matter” who said the San Francisco-based company is seeking to raise $500 million in incremental funding.
The report said this would place the unit’s valuation around $4 billion. Assuming an annual run rate of the nearly $200 million in revenue the division generated in the first quarter,...