SoftBank to buy chunk of Uber

SoftBank to buy chunk of Uber

SoftBank to buy chunk of Uber

According to a report, SoftBank Group will buy about $1 billion worth of new Uber stock, then will offer to purchase shares from investors and Uber employees with the goal of reaching a 14 percent stake in the company. Should current Uber investors decide that Softbank's buyout offer isn't tempting enough for them to sell up, it would seem that Kalanick will be back on the hook.

Uber's statement said it reached an agreement with a consortium led by SoftBank and Dragoneer Investment Group. "We believe this agreement is a strong vote of confidence in Uber's long-term potential".

Uber argued that once in the bag, the investment would help fuel its development in the tech sector and its continued expansion at home and overseas, "while strengthening our corporate governance".

Boris Johnson apologises for comments over jailed Briton in Iran
The foreign secretary has admitted he "could have been clearer" with his comments and insisted they had been taken out of context. The 38-year-old mother from London was sentenced to five years in prison after being accused of leading a "soft coup".

The deal comes after Uber CEO Dara Khosrowshahi said Thursday at a conference that the ride-hailing company will go public in 2019.

SoftBank did not immediately respond to Ars' request for comment.

Benchmark agreed to drop the lawsuit in return for Kalanick's board power being diluted but its co-operation depends on the Softbank investment going through. Benchmark had alleged that Kalanick duped investors into allowing him to create three disputed board seats that it later wanted to delete, which action would dump Kalanick out of Uber altogether. Kalanick has control over two seats beyond his own.

Pixel 2 XL touchscreen has dead spots around the edges
On my own personal Pixel 2 XL, the behavior is very similar, but with instances where taps do end up working as intended. Google unveiled the Pixel Buds for $159 in early October along with the Google Home, Pixel 2, Pixel 2 XL and more.

Uber was close on Sunday to selling a large stake of itself to Japanese conglomerate SoftBank, officials familiar with the matter told The New York Times.

But SoftBank refused to confirm the news when contacted by AFP and said it was not planning to issue any statement on Sunday.

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Keurig boycott: Advertisers flee Hannity over Roy Moore comments; fans react
Hannity had propagated a widely discredited theory that Rich was shot and killed because he had supplied DNC emails to WikiLeaks. People uploaded videos of themselves creatively destroying their Keurig coffee makers with the hashtag #BoycottKeurig .

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