Deals
SoftBank Bids to Buy Uber Shares for 30% Less Than Current Value
- The price is 30% below Uber’s last primary round, people say
- A slate of investors has agreed to sell shares for the deal
SoftBank Is Said to Seek Uber Stock at a Discount
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SoftBank Group Corp. and a group of investors are trying to buy a stake in Uber Technologies Inc. at a sizable discount to the company’s $69 billion valuation, seeking to clinch what would be one of the largest purchases of stock in a private company.
SoftBank and partners including investment firms Dragoneer Investment Group and General Atlantic are offering to spend more than $6 billion for a stake that would value the ride-hailing company at $48 billion, or about 30 percent lower than the valuation it fetched in its most recent round of fundraising, according to people familiar with the deal.