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4 October 2017

Uber approves billion-dollar SoftBank investment

The ride hailing service's board of directors has given the go-ahead to a SoftBank investment sized between $1bn and $1.25bn at a $69bn valuation.

Author: Robert Lavine, News Editor

US-based ride hailing platform Uber has approved organisational changes that will allow telecommunications firm SoftBank to invest $1bn to $1.25bn in the company, CNBC reported yesterday, citing unnamed sources.