YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
SoftBank and co-investors acquired a 17.5 percent stake in Uber, The New York Times reports.
The purchase values the ride-hailing company at $48 billion. That's down from a valuation of nearly $70 billion a year and a half ago.
“We look forward to working with the purchasers to close the overall transaction, which we expect to support our technology investments, fuel our growth and strengthen our corporate governance,” Uber spokesman Matt Kallman said in a statement.
Read more from The New York Times.
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