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Softbank wants to pay 30% less for Uber stock than Uber's recent $69 valuation

Alexei OreskovicNov 28, 2017, 06:01 IST

Japan's SoftBank is planning to buy stock in Uber from existing shareholders at a steep discount to the ride-hailing company's current valuation, according to Bloomberg. Softbank's offer will value Uber at $48 billion, compared to the $69 billion the company has raised money at during previous fundraising rounds.

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Softbank wants to pay 30% less for Uber stock than Uber's recent $69 valuation

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