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.