November 25 news, according to foreign media reports, two sources revealed that the taxi service company Uber (Uber Technologies Inc) plans to accept a major investment in Softbank, will be announced early next week, Softbank's official investment quotations. On Tuesday, Uber announced that its 2016 data was leaked, which involved personal information of approximately 57 million consumers and drivers. This leak incident led the relevant government to investigate the data leakage and Uber's handling of the situation.

The source did not disclose how many investors would accept the stock purchase price or how the government would respond. One of the sources revealed that investors will have 20 working days or about one month to respond to the offer. The source did not receive authorization to publish the news and therefore declined to reveal his identity.

Sources had previously told the media that Softbank and Dragoneer Investment Group agreed to lead a consortium on November 12 to invest $10 billion in Uber.

The consortium plans to directly invest $1 billion to $1.25 billion in Uber, and then buy a 17% stake in Uber held by existing investors and employees. Uber announced Wednesday through the New York Times and the Wall Street Journal that according to U.S. regulations, the selling shareholder must be an investor-recognized investor and hold at least 10,000 shares of the company.

Uber is valued at US$68 billion and it is currently the highest valuation company supported by Wind Investment Gold. It is expected that Softbank’s U.S.$1 billion direct investment will maintain Uber's current valuation.

Sources familiar with the contents of the November 12 agreement told the media that the prices of shares held by employees and existing investors in the official quotation will be lower, and bids may take up to two weeks to complete. (Tianmenshan)

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