SoftBank looks to finalize Uber investment today

SoftBank looks to finalize Uber investment today

7 years ago
Anonymous $ZOEEBQ1zf0

https://techcrunch.com/2017/11/12/softbank-looks-to-finalize-uber-investment-today/

After months of talks, SoftBank Group is close to finalizing its investment in Uber. Multiple sources tell TechCrunch that the deal is expected to be signed later in the day on Sunday.

SoftBank plans to lead a $1 billion investment directly in the company alongside Dragoneer Investment Group. The joint venture will also buy up to $9 billion of shares from eligible existing shareholders in a tender offer. Private equity firm General Atlantic is also participating.