San Francisco — Uber Technologies is in exclusive talks to line up funding from four investors, but a deal, which could reach as much as $12bn, hangs on the outcome of a courtroom brawl between two board members. Funding would come from Japan’s SoftBank and Chinese ride-hailing juggernaut Didi Chuxing, along with US equity firms Dragoneer Investment Group and General Atlantic, said people familiar with the matter. Goldman Sachs is advising Uber on the potential transaction. China’s Tencent Holdings has also explored contributing funds to the round. An investment is expected to raise $1bn-$1.5bn for Uber at the same valuation from last year, said the people, who asked not to be identified because the discussions are private. A second component of the deal would allow a swath of current shareholders to cash out at a lower price. Investors could spend $2bn-$10bn buying out shareholders’ stock — a wide range that would depend on demand from sellers, said one of the people. Uber, SoftBan...
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