Softbank-led group acquires 17.5% stake in Uber

Friday, 29 December 2017 (4 hours ago)
The deal values Uber at $48bn (£35.5bn), roughly 30 per cent below its most recent valuation

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Source: Wochit Business - 18 hours ago< > Embed

News video: SoftBank Will Buy At Least 15% Of Uber Shares At A Huge Discount

SoftBank Will Buy At Least 15% Of Uber Shares At A Huge Discount 00:45

A group of investors led by SoftBank looks set to acquire a 20% stake in Uber at a whopping 30% discount. SoftBank and its partners offered to buy shares from Uber employees and existing investors at $33 a share. That would value the app-based taxi company at $48 billion, or about 30% less than the...