Uber's major shareholders just dumped a ton of stock for a lowball offer 30% under the current share price

Softbank's bid to buy Uber shares based on a valuation 30% lower than the company rated in its last round has been largely successful, with about 15-20% of shares changing hands at that price. Read the rest

Major investors offer to buy a big stake in Uber -- at a 30% discount

A group of investors led by Softbank have put in a bid to buy $6B worth of Uber stock -- at a valuation of $48B, 30% lower than the company's valuation at its last finance round, which was followed by string of ghastly scandals including the removal of its founder, Travis Kalanick, from the CEO's office. The company has 20 days to respond. Read the rest