SoftBank, Didi Chuxing and Dragoneer have formed a special purpose vehicle that could buy up to $10bn in primary and secondary shares in the ride hailing platform.
Telecommunications group SoftBank, ride hailing service Didi Chuxing and investment firm Dragoneer are preparing to combine for an $8bn to $10bn investment in US-based on-demand ride platform Uber, TechCrunch reported yesterday.
The deal, which will likely close by the end of this month, will comprise a direct investment in Uber and the purchase of shares from employees and early investors in what could well be the largest secondary transaction in history.
The companies will execute the deal through a special…
