Warren Buffett reportedly tried to invest $3 billion in Uber

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Berkshire Hathaway CEO Warren Buffett

• Warren Buffett was close to investing $3 billion in Uber, Bloomberg News reported Wednesday.
• The deal fell apart due to disagreements over the size and terms of the stake.

Legendary investor Warren Buffett tried to buy a $3 billion stake in Uber earlier this year through his Berkshire Hathaway firm, Bloomberg News' Eric Newcomer and Olivia Zaleski reported Wednesday.

However the deal fell apart due to disagreements over the size and terms of the potential investment, Bloomberg said, citing people familiar with the discussions. Neither Uber or Berkshire Hathaway responded to Bloomberg's request for comment.

Transportation has been a popular sector for Buffett, who bought up a 39% stake of the Pilot Flying J truck stop chain in October 2017. Berkshire also owns a major stake in Chinese electric-car maker BYD.

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Read the full Bloomberg report here.