SoftBank tender for Uber stake succeeds - WSJ

(Reuters) - A consortium led by SoftBank Group Corp will go ahead with the purchase of a major stake in Uber Technologies Inc [UBER.UL] after existing investors in the ride services company agreed to sell shares at a price that values the startup at $48 billion, the Wall Street Journal reported on Thursday.

from Reuters: Top News http://uk.reuters.com/article/uk-uber-softbank-tender/softbank-tender-for-uber-stake-succeeds-wsj-idUKKBN1EM1N4?feedType=RSS&feedName=topNews