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Uber Backers Discuss Stock Sale to SoftBank, Others

  • Talks led by Benchmark, one of startup’s earliest investors
  • A transaction may include injection of new money into company
Bloomberg business news

Uber Backers Said to Discuss Share Sale to SoftBank

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Uber Technologies Inc. shareholders and its board, led by early backer Benchmark, have discussed selling some of their shares to SoftBank Group Corp. and other potential investors, people familiar with the matter said.

The talks represent a major turning point for the company. It has amassed more than 500 investors who fought to own a piece of the world’s most-valuable startup. The fact that some of the earliest backers now want to reduce their stakes suggests the scandals and other troubles this year have taken a toll.