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takyon [soylentnews.org] writes:

SoftBank thinks Uber is valued over $20 billion too high [recode.net], although other investors may disagree:

SoftBank is preparing to buy shares of Uber at a price that values Uber at only $48 billion, a steep 30 percent discount rate for ownership in the company, which was last valued at almost $70 billion.

That's in line with what Uber investors were expecting; Recode reported this weekend that the price could be as low as $48 billion or as high as $52 billion. The $48 billion price, confirmed by a person with knowledge of the figure, will however raise concerns about whether the secondary sale will succeed — SoftBank needs to accumulate 14 percent of the company's shares to trigger the so-called "tender offer."

Also at Bloomberg [bloomberg.com] and TechCrunch [techcrunch.com].

Previously: Alphabet Leads $1 Billion Round of Investment in Lyft [soylentnews.org]
SoftBank to Invest Billions in Uber [soylentnews.org]
Uber to Purchase 24,000 Volvo SUVs for Autonomous Vehicle Fleet [soylentnews.org]
SoftBank Knew of Data Breach at Uber [soylentnews.org]

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