Most Valuable Startup In US Has Valuation Slashed By Up To 40%

Reports from last month indicated SoftBank was considering buying shares of Uber from Benchmark, an early investor in the ridehailing giant.

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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.