Warren Buffett offered Uber a $3 billion investment earlier this year, but the talks eventually crumbled, according to a Bloomberg report.

The offer came shortly after Japanese investment giant SoftBank secured its own stake in the ride-sharing company in January, the news site reported citing anonymous sources.

Uber CEO Dara Khosrowshahi and the legendary head of Berkshire Hathaway disagreed on the terms and size of the deal, according to the report, so Uber tried to talk Buffett into a smaller stake.

Uber last week announced first quarter results and a tender offer that nudges its valuation past $60 billion.

The company has been in the middle of a reputational turnaround since its controversial founder Travis Kalanick was ousted last year. Khosrowshahi has emphasized rider safety, driver rights and better governmental relations in his 10 months as CEO.

A Berkshire investment would have served as something of a stamp of approval for Uber ahead of an eventual IPO. Buffett sent Apple’s stock soaring last month when he revealed a massive stake in the hardware giant.

Uber, Berkshire Hathaway and Warren Buffett did not immediately return CNBC’s requests for comment.

Read the full Bloomberg report.

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Source: Tech CNBC
Warren Buffett reportedly offered to invest billion in Uber, but the deal died