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SoftBank offers to buy Uber shares at 30% discount

Japan's SoftBank Group Corp is offering to purchase shares of Uber Technologies Inc at a valuation of $48 billion, a 30 percent discount to its most recent valuation of $68.5 billion, a person familiar with the matter said on Monday.

 
 
The government is reviewing the regime for startups, especially on the taxation side of things, in an attempt to make it more attractive for entrepreneurs.
The first batch of the transition is being effected in circles of UP (West), Bihar, and West Bengal, the two companies said in a joint statement.
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