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SoftBank aims to bag an Uber bargain with 30 percent discount offer

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Gary Meyer
Nov 28, 2017 10:48
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SoftBank appears to be aiming to secure an influential stake Uber, making a discounted offer that would value to famous startup at just $48 billion.

SoftBank has offered to buy shares in Uber at a 30 per cent discount, potentially looking to secure a significant stake in the globally famous business.

Putting the discount in perspective, the offer would value the company at $48 billion, a shadow of the last valuation of the company that came close $70 billion.

The Japanese behemoth is leading a group of other organisations in joint pursuit of the Uber stake, with the goal of gaining control of a 14 per cent of the company.

If the consortium can reach this mark, a tender offer will be initiated.

SoftBank has already had dealings with Uber, with the startup having agreed to a major investment in recent months, hoping to gain an injection to fuel its progress.

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Gary Meyer
Nov 28, 2017 10:48
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