Billion Dollar Investment Offer

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Billion Dollar Investment Offer
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SoftBank, along with Dragoneer Investment Group and General Atlantic, are expected to invest at least $1 billion in Uber and purchase up to $9 billion worth of Uber shares from existing investors. The initial price for the tender offer may not be set for more than a week, a person familiar with the matter said. SoftBank is expected to buy shares from Uber at the company's current valuation of nearly $70 billion, but the price of the secondary stock sale -- in which existing investors sell -- is expected to be lower.

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