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Top Uber Investor Resists SoftBank Deal

As Uber Technologies Inc. works to nail down a multibillion-dollar investment from Japan’sSoftBank Group Corp., one of the ride-hailing giant’s earliest and biggest shareholders has indicated it doesn’t intend to sell.

The opposition by Benchmark Capital is complicating a proposal by SoftBank and its $93 billion tech-focused Vision Fund, along with partners, to buy 17% to 22% of Uber—mostly through purchasing shares from existing...


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