A group of investors led by SoftBank will buy at least 14% of Uber’s stock at a 30% discount to Uber’s current private valuation, a person familiar with the deal said Thursday, capping months of negotiations and gamesmanship between the Japanese conglomerate and Uber shareholders over the terms of SoftBank’s offer.
The purchase of existing shares marks the largest ever such deal involving a private technology company. In addition to paying at least $6.5 billion for existing shares, SoftBank also has said it would invest $1 billion in Uber at its current $69 billion private valuation.
