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Uber had informed SoftBank about data breach before telling public

The ride-hailing service is trying to complete a deal in which the Japanese company SoftBank would invest as much as $10 billion for at least 14 percent of Uber

Reuters 

Uber will adopt a policy of one share, one vote and has also set a deadline for the closely held company to go public in the next two years	photo: reuters
photo: reuters

Technologies Inc said on Thursday that it discussed a massive with potential investor Group Corp ahead of going public with details of the incident on Tuesday.

The ride-hailing service is trying to complete a deal in which the Japanese company would invest as much as $10 billion for at least 14 percent of Uber, mostly by buying out existing shareholders.

"We informed that we were investigating a data breach, consistent with our duty to disclose to a potential investor, even though our information at the time was preliminary and incomplete," said in a statement.

"We also made clear that our forensic investigation was ongoing," said. "Once our internal inquiry concluded and we had a more complete understanding of the facts, we disclosed to regulators and our customers in a very public way."

described its early discussion with when asked to comment on a Thursday Wall Street Journal report on the disclosure, which the newspaper said occurred about three weeks ago.

The Wall Street Journal also said that more than two months elapsed between the time Chief Executive learned of the breach and this week's disclosure, citing unnamed sources familiar with the matter.

did not say when Khosrowshahi first learned of the breach, or reveal the specific date of its disclosure to

First Published: Fri, November 24 2017. 10:21 IST
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