SoftBank will buy a huge chunk of Uber shares from employees and existing shareholders. And it will also invest $1.25 billion in the company directly. SoftBank’s offer to purchase Uber shares from earlier investors and employees has succeeded.
As part of the deal, SoftBank is expected to buy shares from employees and investors worth about 15% of the company and will invest an additional $1.25 billion directly into Uber.
SoftBank offered $33 per Uber share. That price puts the company’s value at $48 billion, or about 30% less than the $69 billion valuation it had after its last funding round.
It’s official: SoftBank will own a big chunk of Uber.
The Japanese investment firm has succeeded in its big push to buy up around 15% of Uber at a 30% discount, the ride-sharing company confirms. As part of the deal, which the investment firm expects to close in January, SoftBank will also invest $1.25 billion directly into Uber.
Tech: SoftBank’s big, discounted Uber deal is going through — and it’s going to invest another $1.25 billion on top of that
