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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 Technologies Inc said on Thursday that it discussed a massive data breach with potential investor SoftBank 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 SoftBank 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 ...

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