🏹Uber confirms SoftBank has agreed to invest billions .
Uber has not yet elaborated on plans, but we’ve been told that it includes a $1 billion investment in the company at the last private valuation of nearly $70 billion.
A source with knowledge of the deal told TechCrunch that the documents label this as an extension of its last Series G round.
The group led by SoftBank and Dragoneer Investment Group is also planning to invest a much larger amount by buying up to $9 billion in Uber shares from employees and other shareholders, bringing its total ownership to at least 14% of the company.
These shares are expected to be purchased at a lower valuation.
TechCrunch
Uber confirms SoftBank has agreed to invest billions .
SoftBank looks to finalize Uber investment today | TechCrunch
https://techcrunch.com/2017/11/12/softbank-looks-to-finalize-uber-investment-today/?ncid=rss
SoftBank is on the verge of investing $10 billion in Uber — Quartz
https://qz.com/1127482/softbank-is-on-the-verge-of-investing-10-billion-in-uber/