You are here: Home » International » News » Companies
Business Standard

Uber to disclose price on SoftBank deal early next week: Sources

Uber is valued at $69 billion, the highest of any venture backed company

Uber-softbank Deal

Reuters  |  San Francisco | New York 

Uber Technologies Inc plans to move ahead with a deal to bring in Japanese technology company SoftBank Group Corp as a major investor by disclosing the pricing early next week in formal tender offers to the ride-hailing service's investors, two people familiar with the plans said on Friday. The start of the tender follows Uber's disclosure on Tuesday that it covered up a 2016 data breach which compromised data of some 57 million customers and drivers. That revelation prompted governments around the world to launch probes into the breach and Uber's handling of the ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sun, November 26 2017. 00:01 IST