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16 August 2017

Investors queue up for a $12bn ride on Uber

Four prospective investors including SoftBank and Didi Chuxing have signed an exclusivity agreement and could buy up to $12bn in primary and secondary shares.

Author: Robert Lavine, News Editor

US-based ride hailing platform Uber has entered talks with parties including telecommunications group SoftBank and Chinese counterpart Didi Chuxing to raise up to $12bn, Bloomberg reported today.