ã€Global Network Technology Report】 According to foreign media reported on November 28, informed sources revealed that Japan Softbank Group wants to quote more than 480 billion US dollars to buy Uber (Uber) shares, lower than the company's recent valuation of 68.5 billion US dollars 30%.
Allegedly, Softbank Investment has been approved by the Uber Board of Directors. Once the transaction is completed, Softbank will hold approximately 17% of Uber's shares. Uber is working hard to improve the company's management practices and reduce the influence of former CEO Travis Kalanick. For Softbank, the deal is a bet on the future of the auto industry. It is a major stake. The Japanese company already owns a large number of Uber's strong competitors.
Sources also revealed that the quotation is in line with the investor’s expected price. In addition, Softbank Group will be valued at US$68.5 billion and invest an additional US$1 billion in Uber. A source said that Softbank made a tender offer on the 28th. Uber is still one of the most valuable companies in the world even at a discounted price. This is also an opportunity for early investors to lock in considerable profits. (Internship Compilation: Zhou Caiyun Reviewer: Liu Yang)
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