Sources: SoftBank agrees to buy a ~15% stake in Uber at a valuation of $48B, down 30% from its most recent valuation of ~$70B (Wall Street Journal)

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Wall Street Journal:
Sources: SoftBank agrees to buy a ~15% stake in Uber at a valuation of $48B, down 30% from its most recent valuation of ~$70B  —  Uber shareholders tendered about 20% of company to SoftBank, sources say  —  SoftBank Group Corp. has succeeded in its bid to buy a large stake in Uber Technologies Inc …