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SoftBank may have offered to buy Uber shares at a 30% discount

A second person said the amount was in line with what investors had been expecting

Reuters 

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo. (Photo: Reuters)
The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo. (Photo: Reuters)

Japan’s is offering to purchase shares of 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.

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.

First Published: Tue, November 28 2017. 08:57 IST
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