Benchmark and SoftBank are engaging in some public negotiating jiu jitsu over Uber

Benchmark and SoftBank are engaging in some public negotiating jiu jitsu over Uber

7 years ago
Anonymous $Gu9VYqcl-R

https://www.recode.net/2017/8/7/16110020/benchmark-softbank-uber-negotiating-investment-exit

One of Uber’s largest investors, the venture capital firm Benchmark, is aggressively pushing back on speculation that it is looking to divest from Uber as the company muddles through a cascading scandal.

Benchmark, which is considering selling some of its stake in the $70 billion ride-hailing giant, said in a rare Twitter statement on Monday that it remained “long” on Uber — though it did not directly dispute the notion that it is weighing a partial exit through a secondary sale.