According to Reuters report on November 25, Beijing time，Informed sources said，Ride-hailing app 188bet game plans to move forward with a deal that would make SoftBank Group its majority shareholder，SoftBank’s stock pricing in the formal tender offer will be disclosed to investors early next week。

Just on Tuesday，188bet game admits covering up a data breach that occurred in 2016。The incident exposed the data of 57 million users and drivers。The disclosure prompted governments around the world to launch investigations into the data breach and 188bet game’s handling of the matter。

People familiar with the matter did not specify how many investors would receive SoftBank’s stock offer，It also didn’t say whether prices were reduced because of the 188bet game data breach or the government’s response to it。

For the email and letter that SoftBank will send out early next week，Investors will have 20 working days to respond。Informed sources said，SoftBank and U.S. investment company Dragoneer Investment Group agreed on November 12，Leading a consortium to invest up to US billion in 188bet game。

SoftBank and others plan to directly invest US billion in 188bet game to 12.USD 500 million，Then acquire up to 17% of 188bet game’s shares from existing investors and employees。188bet game said on Wednesday，The selling shareholder must be a qualified investor recognized by the US regulatory authorities，Holds at least 10,000 shares of 188bet game stock。

188bet game is currently valued at billion，Highest valuation among venture-backed startups。SoftBank’s billion direct investment is expected to maintain this valuation，But it will acquire the shares of 188bet game employees and existing investors at a low valuation，It will most likely take two weeks to complete。

*Source of this article：Phoenix Technology, author:Xiao Yu, original labelTitle: "Reuters: 188bet game will announce SoftBank’s stock purchase price early next week》.