Shares of tech companies were more or less flat as concerns lingered about demand for Apple's iPhone X. Japanese investment giant SoftBank Group succeeded in its bid to buy a large stake in ride-hailing company Uber Technologies at a steep discount, and is set to acquire shares equal to about 15% in a tender offer that values Uber at $48 billion. That would be a substantial discount to Uber's most recent valuation, reflecting the app maker's leadership struggles and clashes with regulators in some markets.
-Rob Curran, firstname.lastname@example.org
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(END) Dow Jones Newswires
December 28, 2017 16:49 ET (21:49 GMT)