Softbank’s offer is close to what Uber was worth in 2015.
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Japan's Softbank Group Corp. is offering to purchase shares of Uber Technologies Inc. at a valuation of $48 billion, a 30-percent discount to its most recent valuation of $68.5 billion, a person familiar with the matter said Monday.Softbank is also expected to make a separate $1 billion investment in the company at the $68.5 billion valuation.Softbank's offer is close to what Uber was worth in 2015, when shares were priced a little less than $40 apiece for a $51 billion valuation, according to data from PitchBook Inc.Most recently, Uber revealed that the data of 57 million Uber customers and 600,000 drivers had been stolen in a breach more than a year ago, and that the company had paid two hackers $100,000 to cover it up.But Uber said on Friday it had informed Softbank about the data breach prior to informing the public.
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