SoftBank Group sells US$2bil (RM8.12bil) worth of shares in Uber, taking advantage of a surge in the ride-hailing giant's value. — Photo by CHARLY TRIBALLEAU/AFP
Japan's SoftBank Group has sold US$2bil (RM8.12bil) worth of shares in Uber, according to a document released Monday, as it took advantage of a surge in the US ride-hailing giant's value.
An affiliate of SoftBank's Vision Fund sold 38 million shares for US$53.46 (RM217.07) apiece, according to a US stock filing on Uber's website, though it still remains the firm's main shareholder, with a 10% stake worth about US$10bil (RM40.61bil).
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