SAN FRANCISCO (Reuters) – Japan’s SoftBank Group Corp (9984.T) is offering to purchase shares of Uber Technologies Inc at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5 billion, a person familiar with the matter said on Monday.
The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato
A second person said the amount was in line with what investors had been expecting. SoftBank is also expected to make a separate $1 billion investment in the company at the $68.5 billion valuation.
Bloomberg reported the offer price earlier on Monday.
Reporting by Heather Somerville and Liana B. Baker; Editing by Richard Chang
