Japan's Softbank looking to buy discounted Uber shares - report

Tuesday 28 November 2017 | 09:25 CET | News
Japanese telecommunications provider SoftBank has made a bid to acquire a stake in Uber Technologies at a sizable discount to the company's USD 69 billion valuation, according to unnamed sources cited by Bloomberg. SoftBank and partners including investment firms Dragoneer Investment Group and General Atlantic are offering to spend over USD 6 billion for the stake, some 30 percent lower than Uber's most recent valuation. If successful, the SoftBank-led coalition would buy at least 14 percent of the shares from existing Uber investors and receive two new board seats, said the report, adding

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Categories: Internet
Companies: Softbank / Uber
Countries: World
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