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Uber to disclose price on SoftBank deal early next week


Uber to disclose price on SoftBank deal early next week

New Delhi, Nov 26 (ANI): Uber Technologies Inc plans to move ahead with a deal to bring in Japanese technology company SoftBank Group Corporation as a major investor by disclosing the pricing early next week in formal tender offers to the ride-hailing service's investors. Investors will have 20 business days, or about a month, to respond to emails and letters to be sent early next week.

SoftBank and Dragoneer Investment Group agreed on Nov. 12 to lead a group that would invest as much as $10 billion in Uber.

Selling shareholders must be accredited investors as defined by U.S. regulations and hold at least 10,000 shares of the firm.

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