Cybersecurity
Uber Disclosed Hack to SoftBank Before Going Public
Uber's New CEO Faces Some Big Challenges
This article is for subscribers only.
Uber Technologies Inc. disclosed its massive data breach to prospective investor SoftBank Group Corp. before revealing the details to the public.
The disclosure came as SoftBank conducts due diligence on the ride-hailing company ahead of a potential investment, Uber said in an emailed statement. SoftBank, which may put as much as $10 billion into the company, declined to comment.