Japan’s SoftBank said to weigh offer price for Uber on hack disclosure

Japan-based SoftBank Group is revisiting an offer price to acquire Uber Technologies Inc. after the company disclosed a hack of 57 million accounts that took place a year ago, The Wall Street Journal reported, citing unnamed sources with knowledge of the matter.

SoftBank is expected to submit an offer for buying a stake worth billions of dollars in the ride-hailing firm this week.

The telecommunications corporation learned of the hack a month ago, which may have changed its evaluation of Uber’s shares, the sources added.

A SoftBank-led consortium is planning to buy at least a 14 percent holding in Uber from existing shareholders through the tender offer at a steep discount, as well as through a direct investment of at least $1 billion at Uber’s prior $68 billion valuation.

The consortium comprises Dragoneer Investment Group and General Atlantic.