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


By MIKE ISAAC

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.

Read more…

Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedInShare on Reddit