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Report: SoftBank to seek 30% discount on Uber stake

A SoftBank Group Corp.-led group of investors is likely to offer to buy a large stake in Uber Technologies Inc. at a 30% discount to its nearly $69 billion valuation in the latest funding round, Bloomberg reported, citing people familiar with the deal.

SoftBank and partners are offering to spend more than $6 billion for at least a 14% stake that would value the ride-hailing company at about $48 billion. SoftBank's partners include investment firms Dragoneer Investment Group and General Atlantic.

The share purchase, a tender offer for which is expected Nov. 28, and an additional $1 billion direct investment in the ride-hailing company reportedly would make the group one of Uber's biggest shareholders. The SoftBank coalition will receive two board seats if the stock sale is completed.