SoftBank is insisting it could walk away from an Uber deal

SoftBank is insisting it could walk away from an Uber deal

7 years ago
Anonymous $ZOEEBQ1zf0

https://www.recode.net/2017/11/13/16644712/softbank-statement-uber-tender-offer

In a likely attempt to increase its negotiating leverage ahead a $10 billion deal, SoftBank on Monday said it could easily jettison the Uber transaction that in principle was struck just one day earlier.

In a rare, pointed statement from the head of SoftBank’s Vision Fund, the Japanese investors sought to downplay its interest in pursuing a deal no matter what. SoftBank has spent enormous sums to buy shares in some of Silicon Valley’s priciest companies, but the new public comment seems to be a message to Uber’s investors: If you charge us too much, we’ll walk.