Reports from last month indicated SoftBank was considering buying shares of Uber from Benchmark, an early investor in the ridehailing giant.
Now, The Information has reported some specifics of the would-be deal: The transaction would value Uber at between $40 billion and $45 billion, a major drop from the estimated $68 billion valuation it reached last year. Uber is currently the most valuable startup in the US.
When portfolio managers get started in the business, their investing style often changes over the years. However, when Will Nasgovitz bought his first stock when he was 12, he was already zeroing in on value investing, and he didn't even know it. Nasgovitz has been with mutual fund manager Heartland Advisors for almost 20 years, Read More
Updated on