Los Angeles Times

SoftBank is ready to buy a chunk of Uber — at a 30 percent discount

SAN FRANCISCO - SoftBank Group Corp. has offered to buy a sizable chunk of Uber - but it wants a discount.

The Japanese conglomerate, which is leading a group of investors in the deal, told stakeholders in the on-demand transportation company that the investor group plans to buy at least 14 percent of Uber from employees and existing investors at a valuation of $48 billion, a 30 percent discount on Uber's most recent valuation of about

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