Reuters report，According to sources，Japan’s SoftBank Group is planning to issue an invitation to Uber，SoftBank plans to acquire part of Uber at a valuation of US$48 billion，The offer price is nearly 30% lower than the company’s valuation of $68.5 billion in its most recent financing round。

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This investment plan was approved by Uber’s board of directors in October，It is expected to bring many changes to Uber’s corporate governance structure，Because it will limit the voting rights of some early investors，The number of board seats will increase from 11 to 17，Former CEO of Uber Travis Kalanick (Travis Kalanick)188bet app download 's influence will also be weakened.According to the agreement reached by both parties，SoftBank can acquire up to $9 billion worth of shares from existing shareholders。

This investment plan and board of directors resolution are supported by Uber’s new CEO Dara Khosrowshahi，This is also a change that Uber made after experiencing a series of scandals in 2017，The most recent scandal was that company executives covered up a major hacking incident that occurred in 2016。

According to sources，This time it is sponsored by SoftBank Group and Delong Investment Group (Dragoneer investment Group)-led investment consortium SoftBank plans to acquire at least 14% of the ride-hailing company，SoftBank has issued a public offer to Uber on the 28th，Existing Uber investors have 20 working days to respond to this offer。

if 32 per share.Not enough sellers found for $96 bid，SoftBank may also raise the price to achieve its acquisition target of 14% stake。Also，SoftBank expects to invest $1 billion in Uber alone at the company’s current valuation of $68.5 billion。

It is reported，The investment consortium led by SoftBank will obtain two board seats，The other four are independent director seats。According to TechCrunch report on the 29th，Sequoia Capital、Private equity investment institutions TPG and Tencent are also interested in participating in the tender offer。

Another source familiar with the transaction disclosed，188bet sports betting app download SoftBank’s quotation is consistent with the price expected by investors。Research institutionPitchBook statistics display，SoftBank’s offer is close to Uber’s 2015 valuation，At that time, investors valued Uber at $51 billion，The stock price is close to $40 per share。

Even if the valuation is discounted by nearly 30%，Uber remains the world’s second-largest private venture-backed company after Didi Chuxing with a valuation of US$60 billion。Also，This tender offer is also a great opportunity for early investors to cash out and get huge returns，Company employees can also take this opportunity to sell securities that are currently not tradable on the market。As reported by TechCrunch，Only Uber employees who hold at least 10,000 vested shares are eligible to sell their shares。Other Uber shareholders，Including venture investors、Angel investor、Resigned Uber employees are also eligible to sell their shares。

However，Many employees do not meet the standards for selling stocks，According to company policy，Uber employees with an annual salary of less than $200,000 must be worth $1 million (including stock value) to be eligible to sell their shares。In other words，You need to be rich enough to make more money。Although buyeratNearly all secondary market transactions in which new investors purchase shares of existing shareholders，The valuation of the company involved will be more or less discounted。

But，Phil Haslett, head and co-founder of secondary market investment platform EquityZen said，Uber will go public in 2019，His shares are now on sale at a 30% discount，This discount is quite big。Generally speaking，The valuation of a company of this size has dropped significantly，Usually it’s because the company is forced to sell at a deep discount，Uber obviously does not fit this situation。

“The main consideration is the rethinking of Uber’s value，”Haslett said.

Since Uber was valued at $68.5 billion a year ago，The company encountered a series of scandals including sexual harassment of company executives against Park。The company is also under federal criminal investigation for allegedly using software to deceive regulators and bribing governments in Asia。Also，Uber was sued by Waymo, the self-driving business company of Google parent company Alphabet，Accused the company of plagiarizing its top-secret trading information。

The latest scandal is，Uber revealed that the data of its 57 million users and 600,000 drivers was stolen more than a year ago，Company says it paid two hackers $100,000 to delete stolen data。Since then，Many governments around the world have begun investigating this data breach。After this scandal，Some people think that SoftBank will take this opportunity to negotiate more favorable terms。

But Uber said last week，The 188bet Online Sports Betting and Casino company informed SoftBank of the data breach before issuing the announcement。However，"We only had preliminary information at the time，Not comprehensive enough，” a spokesperson said。

A source familiar with the matter said，SoftBank’s offer when negotiating with Uber should have taken the data breach into account。

 *This article was compiled from The Independent by Li Haiqiang, an analyst at Hui Hui、TechCrunch，Original title: "Uber may have just lost $20.5bn in value》.