SoftBank is said to seek Uber shares at $48b valuation

SoftBank is said to seek Uber shares at $48b valuation

The Uber logo is seen on a screen in Singapore August 4, 2017. REUTERS/Thomas White

SoftBank Group Corp. and a coalition of investors will offer to buy shares in Uber Technologies Inc. at a price that would value the ride-hailing company at 30 percent less than its most recent $69 billion valuation, according to two people familiar with the matter.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter