Japan-based SoftBank won a tender for the purchase of a 20% stake in Uber, The Wall Street Journal reported.
The deal will be held at a big discount - almost 30%. SoftBank Group Corporation plans to buy back Uber securities belonging to a group of investors and employees of the company itself.
Uber is valued at $48 billion. As part of the deal, SoftBank will invest at least $1 billion in Uber.
Nevertheless, it is not known yet when exactly Uber will go public. As previously reported, the initial public offering is expected in early 2019.