SoftBank confirms it has bought a stake in Uber; sources say it will buy a minimum of 14% of Uber at a $48B valuation, down from its last valuation of $70B (Mike Isaac/New York Times)

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Mike Isaac / New York Times:
SoftBank confirms it has bought a stake in Uber; sources say it will buy a minimum of 14% of Uber at a $48B valuation, down from its last valuation of $70B  —  SAN FRANCISCO — A group of Uber's largest shareholders have agreed to sell a significant stake in the ride-hailing giant at a steep discount …