Uber Sells Stake to SoftBank, Valuing Ride-Hailing Giant at $48 Billion

The deal is a notable drop from the $70 billion valuation Uber once commanded, and is a humbling coda on a rough year for the company, which has been rocked by a series of scandals.The deal is a notable drop from the $70 billion valuation Uber once commanded, and is a humbling coda on a rough year for the company, which has been rocked by a series of scandals. http://ift.tt/2ln24CV The New York Times The deal is a notable drop from the $70 billion valuation Uber once commanded, and is a humbling coda on a rough year for the company, which has been rocked by a series of scandals. http://ift.tt/2EbkBun The deal is a notable drop from the $70 billion valuation Uber once commanded, and is a humbling coda on a rough year for the company, which has been rocked by a series of scandals.
By MIKE ISAAC from NYT Technology http://ift.tt/2EbkBun
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