SoftBank succeeds in tender offer for Uber shares

(Reuters) - A consortium led by SoftBank Group Corp will buy a large number of shares of Uber Technologies Inc [UBER.UL] in a deal that values the ride-services firm at $48 billion, Uber said on Thursday, in a victory for new Chief Executive Dara Khosrowshahi.

from Reuters: Technology News http://ift.tt/2C5PinJ