Led 1 Billion Investment Round

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Led 1 Billion Investment Round
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CNBC reports that a SoftBank-led consortium of investors seeks to buy $1 billion worth of fresh stock in Uber at its current valuation of about $68.5 billion, and that the ride-hailing company was close to being ready on Sunday to finalize the deal. The deal will see 14 percent of the company change hands.

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