Uber comes of age with SoftBank tieup

Things were off to a rocky start for Uber this year as it just couldn’t shake off the scandals. That eventually developed into a leadership vacuum when Uber founder and CEO Travis Kalanick stepped down. How a new CEO now firmly in position, the company is trying to move past all that. It has lined up a new $10 billion investment deal which would further limit the role of the company’s founder and ex-CEO. Uber confirmed today that a consortium comprising of Softbank and other partners will invest $1 billion in the company and buy $9 billion in shares from existing investors.“Upon closing, it will help fuel our investments in technology and our continued expansion at home and abroad, while strengthening our corporate governance,” the company said in a statement.He gets to retain his seat on the board and while he still has the power to appoint members to the two extra seats he controls, any changes will require majority approval of the board. These changes will also see key Uber invest

Uber comes of age with SoftBank tieup

Uber's tieup with Japanese tech giant SoftBank suggests the ridesharing giant is set to come of age in the business world, but it still faces a long road ahead.

Tue 14 Nov 17 from Phys.org

Uber seals multibillion-dollar investment from Softbank

Japanese technology conglomerate SoftBank has reached a deal with Uber to invest billions in the ride-hailing giant.

Mon 13 Nov 17 from Phys.org

Uber seals multibillion-dollar investment from Softbank, Mon 13 Nov 17 from USA today

SoftBank says considering investment in Uber but no final agreement reached

TOKYO (Reuters) - Japan's SoftBank Group Corp said on Tuesday that it was considering investing in Uber Technologies Inc [UBER.UL] but there was no final agreement at this stage.

Mon 13 Nov 17 from Reuters Technology

Equity Shot: The Uber-Softbank deal explained

 Hello and welcome to another Equity Shot, a quick-hit episode of our venture-capital themed podcast. (Equity, released every Thursday, focuses on the money behind the headlines.) This ...

Mon 13 Nov 17 from TechCrunch

SoftBank could still walk away from Uber

 Uber said Sunday that it agreed to move forward on a proposed investment from SoftBank Group. But SoftBank Investment Advisors sent a statement to reporters on Monday on behalf of CEO ...

Mon 13 Nov 17 from TechCrunch

Uberís $10 Billion Investment Deal Limits Founder And Ex-CEOís Role

Things were off to a rocky start for Uber this year as it just couldn’t shake off the scandals. That eventually developed into a leadership vacuum when Uber founder and CEO Travis Kalanick ...

Mon 13 Nov 17 from Ubergizmo

VC firm, Uber ex-CEO put lawsuit on hold so investment deal can go ahead

New cash influx "is a strong vote of confidence" in company's potential, Uber says.

Mon 13 Nov 17 from Arstechnica

Uber set to sell $10bn stake to Softbank

The ride-hailing firm says a cash injection would help to fuel expansion and investment in technology.

Mon 13 Nov 17 from BBC Technology

Uber nears deal for huge SoftBank investment

Ride-hailing giant Uber Technologies Inc. has an initial agreement with Japanese technology firm SoftBank        

Sun 12 Nov 17 from USA today

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