Monday, 20 August, 2018

SoftBank may not invest in Uber if deal not sweet enough

Bennie Garza | 14 November, 2017, 12:59

Uber had said funds from SoftBank, subject to the closure of the deal, would help the US-based startup fuel investments in technology and expansion in its home market as well as other countries.

The Uber board first agreed more than a month ago to bring in SoftBank as an investor and board member, but negotiations have been slowed by ongoing fighting between Benchmark and Kalanick.

SoftBank will review the number of shares and share price before investing in Uber.

Over the weekend, Uber had confirmed that it has closed an investment deal with Softbank Group and Dragoneer Investment group.

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.

Ride-sharing company Uber announced a deal to sell a stake to Japan's SoftBank as the firm looked to turn a new page ahead of its planned IPO in 2019.

The purchase of existing shares will be conducted through a tender-offer process, which could take at least a month to finalize.

SoftBank did not immediately respond to a request for comment.

Shweta Rajpal Kohli, a former Indian journalist who joined Uber past year, would join cloud-based software maker Inc next month, the sources told Reuters.

A deal would be positive for Uber, which is looking ahead to the future in the wake of recent repeated scandals, among them workplace sexual harassment allegations. If the new deal is closed, the SoftBank-led consortium will own about 14 percent stake in the ride-sharing pioneer, now valued at around US$68 billion.

Interestingly, it has started talks with SoftBank for a potential investment that reports suggest could be worth as much as Dollars 10 billion.

The move was unveiled shortly after reports emerged that its former CEO Travis Kalanick and an influential investor had buried the hatchet, paving the ways for the acquisition.

The Softbank-led consortium's investment in Uber could be worth up to $10 billion, Reuters reported, citing two unnamed people familiar with the matter.

Currently Uber is valued at $68 billion.

Interestingly, Ola and Uber are locked in an intense battle for leadership in the Indian market.



Gustav Klimt Could Challenge For 2,000 Guineas Gustav Klimt Could Challenge For 2,000 Guineas However, Gustav Klimt bounced back with a fine performance at the Barronstown Stud Irish European Breeders Fund in June last year. Gustav Klimt moved to the inside down the final furlong and found just enough speed to beat out his compatriot Nebo by a head .

Seeyouatmidnight to serve the Scots a Grand National double Seeyouatmidnight to serve the Scots a Grand National double He was runner-up behind Big River in the Edinburgh Gin Handicap Hurdle at Kelso and he then placed third at Newbury in March. Those having a bet on the Grand National will find him available at 16/1 with Paddy Power in the ante-post list.

Canadian Natural Resources (CNQ) Holdings Increased by Td Asset Management Inc September 5 investment analysts at Canaccord Genuity left the company rating at "Buy" with a current price target of $47.00. Level Four Advisory Services LLC raised its stake in shares of Pioneer Natural Resources by 0.5% in the 1st quarter.

J&K: Soldier, militant killed in Kulgam; encounter underway J&K: Soldier, militant killed in Kulgam; encounter underway The gunfights erupted in Kulgam and Pulwama districts, south of Srinagar city, the summer capital of Indian-controlled Kashmir. Since their independence from Britain, the two countries have fought three wars, two exclusively over Kashmir.

Vodafone Group plc's (VOD) "Buy" Rating Reiterated at Deutsche Bank AG Vodafone Group plc's (VOD) The stock of Canadian Natural Resource Ltd (USA) (NYSE:CNQ) has "Neutral" rating given on Friday, January 8 by Macquarie Research. Vodafone Group Plc had a market cap of 77.77B, indicating that it has a good hold on the market value of the shares outstanding.

Marvell Technology Group Ltd Looking at some alternate time periods, the 12 month price index is 1.6309, the 24 month is 2.36082, and the 36 month is 1.58676. The stock of Marvell Technology Group Ltd . (NASDAQ:MRVL) has "Overweight" rating given on Wednesday, August 31 by Stephens.

Robbers dig tunnel, decamp with Rs 40L worth valuables Robbers dig tunnel, decamp with Rs 40L worth valuables On December 30, 2007, robbers entered the Bank of Kerala branch in Malappuram in Kerala, using a hole they had dug in the floor. The value of the stolen cash and valuables has yet to be estimated. "The thieves rented out the adjoining shop since May 2017".

Teravainen, Hurricanes roll past Bishop, Stars Teravainen, Hurricanes roll past Bishop, Stars Carolina RW Lee Stempniak (upper body) was placed on injured reserve after getting hurt Friday during his AHL conditioning stint. Jeff Skinner added another tally with just a few seconds left in the game for his team leading ninth goal of the season.

Bruderman Asset Management LLC Sells 6566 Shares of General Mills, Inc. (GIS) Bruderman Asset Management LLC's holdings in General Mills were worth $513,000 at the end of the most recent reporting period. It has underperformed by 16.70% the S&P500. (NYSE:GIS) has "Equalweight" rating given on Thursday, July 14 by Morgan Stanley.

Analysts See $1.81 EPS for Home Depot Inc (HD) Analysts See $1.81 EPS for Home Depot Inc (HD) The Dow 30 ended last week at 23,422.21, up 18.5% year to date, and it set an all-time intraday high of 23,602.12 on November 7. It improved, as 38 investors sold HD shares while 632 reduced holdings. 120 funds opened positions while 517 raised stakes.

Actor Tom Sizemore accused of molesting 11-year-old child Actor Tom Sizemore accused of molesting 11-year-old child He later returned for re-shoots on the film after they declined to press charges , and has appeared in numerous films since. According to THR , the girl was seated on his lap when he molested her.

Injury-cursed Bale suffers new setback Injury-cursed Bale suffers new setback However, it feels like the start of the end for Gareth Bale at Real Madrid and patience is certainly wearing thin. REAL MADRID superstar Gareth Bale is facing a fresh blow after suffering yet another hamstring injury.

Louis CK accuser says his behavior was 'common knowledge' It is unclear whether those shows will continue on the network. In early 2016, FX CEO John Landgraf told reporters that C.K.

PDP govs fail to agree on next national chairman PDP govs fail to agree on next national chairman Others are Former governors Sule Lamido, Gabriel Suswam and Peter Obi; senators Adolphus Wabara, Ben Obi, Jena Choker, as well as Chief Tom Ikimi among several others.

The Early 2018 World Series Favorites The Early 2018 World Series Favorites People expected this young Yankees team (which still has more significant talent on the way from AAA) to start competing in 2018. Taking into account a few articles and odds listings that are already out there, here’s our look at the top contenders. 1.