ALSO IN BUSINESS
At least two big Uber stakeholders have agreed to sell some of their private shares to a group led by Japanese technology conglomerate SoftBank in a deal that lets investors cash out at a discount and could bring stability to the troubled ride-hailing company. SoftBank said Wednesday that Benchmark Capital, Menlo Ventures and other investors have confirmed their intent to sell shares in Uber. SoftBank’s offer was expected to be based on a reduced valuation of Uber. The company was valued at $68.5 billion in a previous stock sale. SoftBank and Dragoneer Investment Group want to buy at least 13.4 percent of Uber shares. Facebook is pledging $50 million a year to match disaster-relief donations, part of a bevy of efforts for charitable causes the social media giant announced Wednesday. Facebook is also giving relief groups such as the Red Cross access to data on what users need and where they are. T. Boone Pickens, the famed oil field wildcatter, financier and corporate raider, said that he wants to sell his Mesa Vista Ranch, covering more than 100 square miles in the Texas Panhandle, for $250 million. Pickens in October put his Dallas mansion on the market for $5.9 million. Pickens, 89, has had health concerns.