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SoftBank succeeds in bid to buy big Uber stake

The deal will trigger a number of changes in the way the board oversees the ride-hailing company

The deal is seen as a victory for new chief executive Dara Khosrowshahi, who helped negotiate it.

San Francisco

A CONSORTIUM led by SoftBank Group Corp will buy a large number of shares of Uber Technologies Inc in a deal that values the ride-services firm at US$48 billion, Uber said on Thursday, in a victory for new chief executive Dara Khosrowshahi....

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