SoftBank says Benchmark, Menlo Ventures ready to sell some Uber stock

SoftBank says Benchmark, Menlo Ventures ready to sell some Uber stock

A user scans for an available vehicle using the Uber app on an Apple Inc. iPhone 5 smartphone in this arranged photograph in London, U.K., on Friday, May 30, 2014. Photographer: Chris Ratcliffe/Bloomberg

A consortium led by SoftBank Group Corp on Tuesday launched its tender offer for shares of Uber Technologies Inc and the Japanese company said that some notable early Uber investors planned to sell stock.

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