Benchmark, Menlo intend to sell Uber shares: SoftBank
SoftBank has confirmed that it received indication from Uber's early investors Benchmark, Menlo Ventures, and others of their intent to sell shares in the cab-hailing startup. Benchmark owns 13% of the startup worth nearly $9 billion, according to SoftBank. Earlier, reports suggested that SoftBank-led team of investors has offered to buy Uber shares at 30% less than its current value.