vegassports-odds.com
vegassports-odds.com November 20, 2017


Uber said it finally reached a deal with SoftBank

14 November 2017, 11:53 | Melvin Schneider

NATION-NOW Uber nears deal for huge Soft Bank investment Uber nears deal for huge Soft Bank investment

NATION-NOW     Uber nears deal for huge Soft Bank investment     
       Uber nears deal for huge Soft Bank investment

CNet estimates that SoftBank's investment in Uber will give it anywhere between 14 and 20 per cent of the company's equity.

An Uber representative quoted by CNet says: "We've entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment".

Misra noted that Uber and its shareholders had agreed to commence with a tender process and engage with SoftBank after a "long and arduous process of several months". People from SoftBank did not immediately respond to requests for comment.

SoftBank Investment Advisors and SoftBank Group Corp board director, Rajeev Misra emphasised that "by no means is our investment decided".

British doctor saves himslef by punching shark during surfing attack in Australia
A 25-year-old man is recovering in an Australian hospital after fighting off a shark on NSW's Central Coast. He said he did not realise his arm was bleeding until was back on the shore. 'It was a nervous swim in.

Virgin Money Holdings PLC (VM) Rating Reiterated by Citigroup Inc
The Company is engaged in designing, manufacturing and servicing engineered products that control the precise movement of fluids. Inmarsat PLC (LON:ISAT) had its stock rating noted as "Buy" by analysts at Jefferies International.

Liverpool's nightmare: Key player ruled out for up to three months
Whether this latest setback for Clyne will see the manager turn to the transfer market in January, remains to be seen. Clyne reportedly travelled to London with a member of the club's medical staff for corrective surgery on Monday.

Uber has suffered a tumultuous few months which has seen former CEO and co-founder Travis Kalanick forced out after a series of boardroom controversies and other regulatory battles in multiple USA states and around the world. A source with knowledge of the matter said that the deal comes with a resolution to have an initial public offering by 2019.

Since that meeting, SoftBank, Uber and Uber's early investors have haggled over deal terms.

Currently Uber's largest shareholder is United States venture capital firm Benchmark with a 13 percent stake and founder Travis Kalanick who has a 10 percent stake. SoftBank will gain two Uber board seats as part of the investment.

Uber is now valued at around $68.5bn (£52.4bn), but reports suggest that the stock offers would be based on a lower valuation, making the total value of the multibillion-dollar deal unclear. It operates in about 30 Indian cities and competes with Ola, a ride hailing service backed by Japan's Softbank. Uber left the China market in 2016 by selling its operation to Didi and taking a minority investment stake in the new company. "Depending on the price and conditions, it is wholly possible we could shift our investment to the other main company Lyft".



Other News

Trending Now

Rodrigo Duterte: Philippines president says he killed someone as teenager
The comments came as the leader defended his government's brutal countrywide crackdown on drugs. President Duterte has also threatened to kill human rights activists, journalists and critics.

Motorola returns to the tablet game with $299 'Moto Tab' for AT&T
Apart from this, for the low light pictures the device comes with a single tone LED flash, to capture the flawless selfies. In addition to the LED Flash, the front camera helps you to beautify pictures and be able to work with filters, pro mode.

HTC Vive Focus is a standalone VR headset with 'world-scale' tracking
The new wireless VR headset features an AMOLED display and is powered by Qualcomm's Snapdragon 835 processor. The platform is created to simplify development and enable support for multiple, cross-platform VR devices.

49ers win first game of the season
Following a team photo on Monday, players and coaches will disperse around the country for some much-needed rest and relaxation. The offensive line, running backs and tight ends also deserve a hefty share of the credit for Beathard's career day.