Uber sells 15% stake to SoftBank

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  1. Uber sells 15% stake to SoftBank  CNNMoney
  2. SoftBank consortium will buy Uber shares at a $48 billion valuation, down from $67.5 billion  VentureBeat
  3. Why Uber is forking over a 15 percent stake to SoftBank  CNET
  4. SoftBank Succeeds in Tender Offer for Large Stake in Uber  Wall Street Journal
  5. It’s judgment day at Uber, as we learn whether SoftBank will succeed in its complex purchase of some of the company  Recode
  6. Full coverage

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The vast majority of that investment comes from SoftBank buying up shares held by existing Uber shareholders, including employees and earlier investors. SoftBank is also investing $. billion in new capital in Uber at its most recent $ billion valuation. As CNNMoney has .Uber Technologies Inc. shareholders agreed to sell a sizable stake in the ride hailing leader to an investor group led by SoftBank Group Corp., allowing the Japanese The SoftBank led group will end up owning roughly . percent of the startup, with SoftBank at percent holding the largest stake..Washington Uber and SoftBank announced a deal allowing the Japanese tech titan to take a large stake in the US ridesharing giant, making a hefty cut in the valuation of the biggest venture backed startup. SoftBank will acquire percent of Uber s equity at a discount of percent from its most recent .Previously, Uber had entered into an agreement with a consortium led by SoftBank and Dragoneer to explore a potential investment..

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