The deal, closed alongside a multibillion-dollar secondary purchase, makes SoftBank the ride hailing company's largest shareholder.
Telecommunications and internet group SoftBank has closed its $1.25bn equity investment in US-based on-demand ride provider Uber, the company told TechCrunch yesterday.
The funding was provided at a $69bn valuation as part of a larger deal in which a consortium of SoftBank, investment firm Dragoneer, venture capital firm Sequoia Capital and private equity firm TPG bought secondary shares from early investors and employees at a $48bn valuation.
Bloomberg has reported the overall size of the deal as being $9bn,…
