You are here: Home » International » News » Companies
Business Standard

SoftBank hops on to Uber with mega deal

The deal could still fall through if there aren't enough interested sellers

Eric Newcomer | Bloomberg 

Uber Technologies approved SoftBank Group’s offer to buy a multibillion-dollar stake in the ride-hailing company, setting the stage for one of the largest private start-up deals ever. The agreement lets SoftBank and other firms invest up to $1 billion in Uber and proceed with a tender offer in coming weeks to buy up to $9 billion in shares from existing investors. The deal could still fall through if there aren’t enough interested sellers. The deal also includes Uber governance changes.    “We’ve entered into an agreement with a consortium ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, November 14 2017. 01:27 IST