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Uber shares drop as Softbank plans to sell shares to cover Didi and other losses – CNBC

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Uber shares drop as Softbank plans to sell shares to cover Didi and other losses – CNBC

SoftBank is selling about one-third of its stake in ride-hailing company Uber, in part to cover losses on its investment in Chinese ride-hailing company Didi, two people familiar with the matter told CNBC. It’s planning to sell 45 million shares, which…

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