Softbank buys large stake in Uber


SoftBank, which is heavily invested in other ride-hailing companies around the globe, could help Uber strike more partnership deals, especially in Asia.

The tender offer values Uber at $48bn (£36bn), nearly a third lower than its most recent valuation of $69bn. 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. SoftBank and its co-investors are acquiring some of the company at a valuation of $48 billion.

Uber investors and employees tendered shares equal to about 20 percent of the company, the Journal reported, citing unnamed sources.

"We have tremendous confidence in Uber's leadership and employees and are excited to support Uber as it continues to reinvent how people and goods are transported around the world", Rajeev Misra, chief executive of SoftBank Investment Advisers and a director at SoftBank Group Corp., said in a statement. A second member of SoftBank is expected to join the board as part of the terms of the deal. Softbank will limit its stake to 15 percent, valuing Uber at a 30 percent discount of its most recent valuation of almost $70 billion.

Ucrania e independentistas pro-Rusia intercambian prisioneros
Paralelamente unos 75 individuos retenidos por el Gobierno de Ucrania fueron también liberados y enviados a Lugansk . Según Zajárchenko, el intercambio de prisioneros está previsto para el próximo miércoles .

"The stockholders did the smart thing".

"If the stockholders hadn't taken the price, the value of the company would have been battered by a return to stockholder infighting and the possibility of Kalanick's return", he said. Uber will enact governance reforms that disempower the two warring factions and increase the size of the board to a massive 17 people. The company still faces numerous legal challenges, including a massive trade secrets lawsuit with Alphabet's self-driving auto unit Waymo and multiple government investigations into potentially illegal business practices.

In June, Kalanick was forced to step down, although he remains on the board and maintains one of the largest stakes.