December 28, 2017 / 5:54 PM / 10 months ago

BRIEF-Softbank Succeeds In Bid To Buy Large Uber Stake At Steep Discount- WSJ

Dec 28 (Reuters) -

* SOFTBANK GROUP CORP. HAS SUCCEEDED IN ITS BID TO BUY A LARGE STAKE IN UBER TECHNOLOGIES INC. AT A STEEP DISCOUNT- WSJ, CITING SOURCES‍​

* UBER SHAREHOLDERS TENDERED ABOUT 20% OF COMPANY TO SOFTBANK- WSJ, CITING SOURCES‍​

* ​SOFTBANK WILL LIKELY LIMIT THE STAKE IT ACQUIRES IN UBER TO 15% IN THE TENDER OFFER, WHICH VALUES UBER AT $48 BILLION- WSJ, CITING SOURCES‍​

* OTHER MEMBERS OF SOFTBANK’S BIDDING GROUP ARE LIKELY TO BUY PART OF THE REMAINING SHARES OF UBER ON OFFER- WSJ, CITING SOURCES‍​ Source text : on.wsj.com/2zIHHVL

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