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SoftBank offering to buy Uber shares at 30 percent discount

November 28, 2017

Reuters ---------- Japan’s SoftBank Group Corp is offering to purchase shares of Uber Technologies Inc at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5 billion, a person familiar with the matter said on Monday. The investment, which has been approved by the Uber board, would give the Japanese investor up to 17 percent of the ride services company. The offer comes as Uber is trying to improve corporate governance and cut the influence of former Chief Executive Travis Kalanick. To learn more click on the picture below to read the article.

 

 

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