SoftBank buys Uber shares at 30pc discount as investors cash out
Dec 29, 2017, 00:37
Employees and investors allegedly tendered shares representing 20% of the company. SoftBank has access to all kinds of technology that could be relevant to Uber's self-driving auto plans via its other investments, and with its help, Uber will be better positioned to expand into Asia.
Uber said: "We look forward to working with the purchasers to close the overall transaction, which we expect to support our technology investments, fuel our growth and strengthen our corporate governance". 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.
Uber's board of directors, which had devolved into a power struggle between Uber's former CEO, Travis Kalanick, and its largest investor, Benchmark, will now likely be calmer. It also continues to experience steep losses.
The investor group is also buying about $1.25bn worth of new shares at a price that values the firm at nearly $70bn, a significantly higher price that is similar to what Uber shares fetched in its last fundraising round. Nothing malicious has happened partly because Uber paid the hackers $100,000 to destroy the stolen information, CBS News confirmed last month. The tender offer period concluded on Thursday. Earlier reports have indicated that Dragoneer Investment Group and existing Uber backer General Atlantic may be among the interested parties.
Family is what matters, blood or not, #family13 made me smile and feel loved when so needed and they didn't know. Supposedly, Gomez revealed to her mother that she and Bieber are undergoing couples therapy, Teefey "flipped".
You can mute a friend my selecting the menu option in the right hand corner of their latest post and hitting " Snooze ". With it, you can easily mute one or some of your friends' posts who keep on publishing irritating cat videos.
One Republican official, and a recount observer, believed at the time the ballot was a clear vote for Delegate David Yancey . The two candidates in the 94th District, which includes Newport News in southeastern Virginia, are now tied at 11,608 votes.
While many are preparing to finish up for the year and begin holidays, Dunedin's social service agencies are just getting started. Salvation Army - Alton Corps kettle counter Fran Steward shows off the second gold coin found by bell-ringers in recent days.
He reiterated his country's support for the Palestinians until they establish their "full state with Jerusalem as its capital". Egypt and the United Arab Emirates will send foreign ministers, while Saudi Arabia had yet to say how it would participate.
Whether or not OnePlus takes SensibleVision up on their offer remains to be seen as the company has yet to comment on the matter. There is also a Shot on OnePlus section, which is where you can upload your photos through.
Catherine: Full Body does not have a release date yet but more will be revealed here on December 22 at 7:30 PM, Japanese time. The game managed to make its way to EVO, the world's biggest fighting game tournament, where it generated a lot of buzz.
David Luiz was the only weekend absentee and the centre-back is again expected to be missing with a knee problem. Defender, David Luiz is a main injury concern as he recovers from an inflamation of the right knee.
Martinello says the flu shot may not be as effective as in years past, but getting it minimizes the severity of the symptoms. Instead, the flu vaccine acts by allowing your immune system to create the ability to fight the flu in case you are exposed.
George Manneh Weah to be Liberia's 25th President
He entered politics after his retirement from the game in 2002 and is now a senator in Liberia's parliament. With most ballots from Tuesday's run-off vote counted, Mr Weah is well ahead of opponent Joseph Boakai.
Facebook AI recognises face, can alert you on misuse
Our technology analyzes the pixels in photos you're already tagged in and generates a string of numbers we call a template. We're doing this to prevent people from impersonating others on Facebook, ' said the company.
Arctic air brings snow and Christmas weekend chill
But other models bring that cold air to the Northeast ahead of the storm, and wintry precipitation right along with it. Uncertainty is still high, so we can still easily be sitting around in short sleeves and shorts on Christmas Day.
NBC Wants to Revive The Office for 2018
There is certainly an open invitation, but we don't have anything happening right now. Will & Grace is the second-highest rated series on the network this season.
Former Miami Hurricane Devin Hester Officially Retires From NFL
Hester should be more likely to put on a gold jacket like past star returners like Sanders (Class of 2011) and Rod Woodson (2009). In a special teams meeting the night before the game, Toub, then the Bears special teams coordinator, told his players just that.
Real Madrid reach World Club Cup final
With the strike, Ronaldo became the all-time best scorer in the Club World Cup with six goals. They reinforce the value of sport and engender significant national pride".