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SoftBank to Offer to Buy Uber Shares at Roughly 30% Discount

SoftBank Group Corp. has told stakeholders in Uber Technologies Inc. that it would initially offer to buy shares at a nearly 30% discount to the company’s most recent valuation of $ 68 billion, according to a person familiar with the matter.

The Japanese firm is leading a group of firms that plan to buy at least 14% of Uber by purchasing billions of dollars of shares from employees and investors at a valuation of $ 48 billion, and by investing at least $ 1 billion in the company at the previous valuation. As soon as Tuesday,… US Business

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