Uber may see SoftBank buy stake - report
US-based Uber Technologies' board and shareholders have discussed a possible deal to sell a stake in the company to Japan-based SoftBank Group [TYO:9904], according to a newswire report.
Bloomberg cited sources with knowledge of the development on Friday as saying that the stake sale negotiations with SoftBank have been led by Uber's early-stage backer, Benchmark.
The deal may also include an injection of fresh capital into Uber, the paper added.
Valuation details and the size of the potential investment could not be ascertained.
According to the report, Uber was last valued at USD 69bn, but has faced a string of scandals in the last year, with the company now also in the midst of a search for a new CEO.
Two of the sources were also quoted as saying that two other undisclosed, long-time investors in Uber are also in talks to potentially sell their shares in the company.