Browsing Tag: softbank


    Softbank will invest US $ 1.25 billion in Uber, which is preparing to open capital

    October 16, 2017


    In 2019, Uber will open its capital. But before that, Softbank decided to invest US $ 1.25 billion in the privately owned carrier, after an agreement reached between the Japanese financial institution and the company’s board.


    As part of the agreement, it was agreed that the bank will buy between 14 and 17% of Uber shares, and the investment will also have the Dragoneer group, which specializes in this type of business. Also, Softbank and the investment company will buy shares of other investors and Uber employees in order to reach the desired percentage of shares. With the contribution, Uber was valued at US $ 60 billion.

    According to the company, “the board met and took a big step forward in the journey so that Uber becomes a company open worldwide.” The company also approved “to move forward with Softbank’s agreement and is unanimous in the decision to bring a new governance system under the leadership of Dara and the great guidance of the board”, showing great expectations for the future of Uber.