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29 December 2017

SoftBank consortium agrees multibillion-dollar Uber deal

SoftBank itself will come out with a 15% stake in Uber as part of a primary and secondary deal that looks set to top $8bn.

Author: Robert Lavine, News Editor

A consortium headed by telecommunications group SoftBank has agreed to buy a stake in US-based ride hailing service Uber sized at roughly 18%, various outlets reported yesterday and today.