Saturday, March 17, 2018
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Standalone Oculus Go Headset Could Debut Next Month
Qualcomm Director Paul Jacobs to Exit Qualcomm Board
Samsung Galaxy S9 and S9+ Go On Sale
Samsung in Talks With Boeing to Bring Mobile Tech To Planes
Samsung's Galaxy S9 Said to Use Chinese Optical Parts
Facebook Lite to Come in the U.S. and Elsewhere
Android Wear Becomes Wear OS by Google
U.S. Sanctions Russian Cyber Actors for Cyber-Attacks
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Uber Bo...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, November 13, 2017
Uber Board Approves SoftBank's $10 billion Investment

Uber Technologies Inc's board members have agreed to allow a multibillion-dollar investment by SoftBank Group Corp., which would resolve a legal battle between former Chief Executive Travis Kalanick and a prominent shareholder.

Venture capital firm Benchmark, an early investor with a board seat in the ride-services company, and Kalanick have reached an agreement over terms of the SoftBank investment, which could be worth up to $10 billion.

The Uber board first agreed more than a month ago to bring in SoftBank as an investor and board member, but negotiations have been slowed by ongoing fighting between Benchmark and Kalanick.

"We've entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment," Uber said.

Japanese conglomerate SoftBank is joined by Dragoneer Investment Group in leading a consortium of investors that plans to invest $1 billion to $1.25 billion in Uber, and in addition, will buy up to 17 percent of existing shares from investors and employees in a secondary transaction.

Uber is trying to move on after a year of controversy, including the resignation of Kalanick, the ouster of several top executives, sexual harassment and discrimination allegations, and multiple federal criminal probes.

Qualcomm to Reject Broadcom's $103 billion Offer: reports        All News        Apple to Reportedly Replace iPhone X Devices With Screen Defects
Samsung to Talk About 7nm SRAM EUV Design at ISSCC     General Computing News      Samsung's 16Gb GDDR6 Memory and New Exynos 9 Series 9810 Mobile Processor Win CES 2018 Innovation Awards

Get RSS feed Easy Print E-Mail this Message

Related News
Sony to Build Taxi-hailing System
Uber Introduces New Safety Features
Waymo and Uber Reach Settlement
SoftBank Becomes Uber's Largest Shareholder
SoftBank Consortium Buys Stake in Uber
EU Court Classifies Uber as a Taxi Service
Uber is Now on BBM Messenger
Uber Paid Hackers to Keep Massive Data Breach Secret
Volvo to Supply Thousands of Self-driving Cars to Uber
Uber and NASA Plan to Build Flying Taxi
SoftBank's Sprint Partners With Cable TV Company Altice
Sprint, T-Mobile Merger Talks Stopped: report

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .