SoftBank could still walk away from Uber

SoftBank could still walk away from Uber

6 years ago
Anonymous $ZOEEBQ1zf0

https://techcrunch.com/2017/11/13/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 Rajeev Misra, emphasizing that it could still walk away.

“After a long and arduous process of several months it looks like Uber and its shareholders have agreed to commence with a tender process and engage with SoftBank. By no means is our investment decided. We are interested in Uber but the final deal will depend on the tender price and a minimum percentage shareholding for SoftBank.”