SoftBank succeeds in tender offer for big stake in Uber
29 December, 2017, 01:49 | Author: Martin Tyler
Uber's shareholders have agreed to sell a 20pc stake to an investor group led by SoftBank, according to The Wall Street Journal, crossing the threshold needed for the deal to complete.
The SoftBank deal triggers new governance terms at Uber that were approved by the company's board in October, though. With this tender offer, Khosrowshahi was able convince some of the company's early powerbrokers, including venture capital firm Benchmark Capital, to whittle down their stakes in the company to bring on what he believes will be a stabilizing force in SoftBank. It marks the first significant piece of business for new CEO Dara Khosrowshahi, who is now preparing the embattled ride-hailing company to go public by 2019. SoftBank will occupy two seats on the company's board and will now be an extremely influential player in decisions at Uber.
SoftBank's investment consortium also includes Dragoneer Investment Group and Tencent Holdings.
The tender offer values Uber at $48bn (£36bn), nearly a third lower than its most recent valuation of $69bn.
"We have tremendous confidence in Uber's leadership and employees and are excited to support Uber".
Some initial investors in the consortium, including General Atlantic, dropped out over disagreement about the price offered to shareholders, Reuters previously reported. In an earlier reportin August, the paper said Uber was losing roughly $9,000 a vehicle, 18 times more than previously believed.
Uber hasn't had a great year.
GI Utilities recycling Christmas trees at 2 locations Trees can also be dropped off at any of the City's Refuse and Recycling Convenience Centers or composting facilities. We have a list of a few of them below - if your city or county is not listed check with your local officials.
The actress and momager have become friends this year after Jennifer Lawrence's longtime love for the Kardashians went public. Jenner and Lawrence might seem like an unexpected friendship, but the two have been tight for a long time.
Florida State could have applied for a waiver through the NCAA's bowl eligibility process had the issue been discovered sooner. As this is less than 90%, Florida State can not count the Delaware State game through Exception 22.214.171.124.1.
Under the national Republican plan, homeowners will be able to deduct state and local property taxes up to $10,000. The Montclair Tax Collector's Office will open for five hours on Saturday to handle the demand.
India and Iran maintain that Jadhav was kidnapped from Iran where he had business interests after retiring from the Indian Navy. Faisal also tweeted that the meeting was arranged in light of "Islamic traditions and based on purely humanitarian grounds".
"One of the most important topics [of the conversation] was the return of the embassy of Guatemala to Jerusalem". And now, the Israeli government is reporting at least 10 other countries are preparing to make the same decision.
Overseas, Last Jedi has launched in virtually every major market, save for China, where it doesn't debut until January 5. After a lull on Christmas Eve, moviegoing picked up in earnest on Christmas Day as films saw huge day-over-day gains.
Arnautovic said : "It can't be a goal for Bournemouth and it has to be a red card for Bournemouth , but that is football". He told the club website : "I didn't think it would be given with the length of conversation between the officials".
The Virginia State Board of Elections plans to break the tie picking the candidates' names out of a bowl on Wednesday. If Simonds were to win the seat, Republicans would lose majority control of the House of Delegates after 17 years.
The centre-right anti-independence party was the night's single biggest victor - taking 37 seats in the region's snap election. The 54-year-old historian wanted Spanish authorities to "sit down to negotiate on a realistic basis".
Democrat Jones officially declared victor over Roy Moore
Previously, Merrill has said it is "highly unlikely" that Jones would not be certified as the victor of the election. Moore's campaign was deeply wounded by accusations of sexual misconduct involving teenage girls decades ago.
White supremacists create shrine to Justine Damond
The clashes came amid debate over the removal of statues and memorials commemorating the Confederacy across the country. The group helped organise participants in the deadly white nationalist rally in Charlottesville, Virginia in August.
Bitter Cold Expected Over Next Week
Arctic air remains in place next week, that means subzero wind chills each morning, extending into the New Year. The low will be around 2, with wind chill values as low as minus 20 and west wind 17 to 26 miles per hour .