SoftBank (9984.T) is selling about 45 million of its shares in Uber Technologies Inc (UBER.N), a source familiar with the matter told Reuters on Wednesday.
Uber shares were down 4.6% at $44 in extended trading.The person added that the Japanese investment giant's motive was unrelated to the performance of Didi Global
and Alibaba and SoftBank just thought it was a good time to cash out partially on its Uber stake and take some profit. CNBC had first reported the sale, saying it was to cover for losses seen in its investment in Didi and Alibaba.Sign up for our newsletter Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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