The media quoted people familiar with the matter as saying that Softbank Corp.Is passing through Goldman SachsIt sold its $2.1 billion worth of Uber Technologies Inc. Shares in a block deal.
Softbank Corp. is the largest investor in Uber, holding 184 million shares as of March 31.
Softbank Corp. plans to sell 45 million shares for $44.15-$46.14, according to people familiar with the matter, who spoke on condition of anonymity because the matter was not disclosed. Uber shares fell 5.1% in after-hours trading, compared with rival Lyft.Inc. Down 0.9%.
Based on the latest closing price, the big deal is worth about $2.1 billion. The above price range is up to 4.3% off Wednesday's closing price.
Uber will report quarterly results after the market closes on Aug. 4, a week from now.