Uber Technologies shareholders are thinking about selling their shares to SoftBank and other investors as confirmed by recent sources.
Reason behind backing out of investors
The reason as to why the investors are reducing their stakes from the most valuable startup points to the scandals and other issues associated with it.
Conclusion of discussion
The deal could introduce new money to the Startup . It is not unclear what value will be carried by those shares or how much may be sold. But any private share sale would need the approval of San Francisco-based Uber’s board.
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