Saturday, December 30, 2017

Uber Sells Stake to SoftBank, Valuing Ride-Hailing Giant at $48 Billion

Source: https://www.nytimes.com/2017/12/28/technology/uber-softbank-stake.html?partner=rss&emc=rss
December 29, 2017 at 02:23AM

The deal is a notable drop from the $70 billion valuation Uber once commanded, and is a humbling coda on a rough year for the company, which has been rocked by a series of scandals.

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