The deal, which includes additional investment, is expected to be closed in early 2018. The deal is good news for SoftBank, which has been trying to get a stake in Uber for years, and good news for the ride-sharing company, which should see an immediate influx of much-needed cash.
We are appreciative of the support from Uber's shareholders in the successful tender offer and look forward to closing the overall investment in January.
SoftBank has bought a major stake in Uber at a steep 30pc discount, after a chaotic year in which the ride-hailing firm faced a string of scandals, saw its chief executive resign and was hit with United Kingdom city bans. Most notably, the board of directors will be expanded from 11 seats to 17, up three of which are set to go to the Japanese telecommunications giant.
Softbank has made a series of high-profile tech investments and shown an appetite for investments in ride-sharing, backing China's Didi Chuxing and Southeast Asian taxi-hailing app Grab, among other companies. Nothing malicious has happened partly because Uber paid the hackers $100,000 to destroy the stolen information, CBS News confirmed last month. With this tender offer, Khosrowshahi was able convince some of the company's early powerbrokers, including venture capital firm Benchmark Capital, to whittle down their stakes in the company to bring on what he believes will be a stabilizing force in SoftBank. This is about 30 percent less than its previous $68 billion valuation, which means investors and employees who plan to offload some of their shares will be taking a major discount. It will also buy $1 billion of shares directly from Uber at the older $70 billion valuation.
For New Hanover County residents, the county will offer free tree recycling starting the day after Christmas. People may drop off trees during business hours or leave trees outside the gates after hours.
The North American Aerospace defense command, better known as NORAD, protects American airspace; but it's having a little fun. Instead of reaching Santa, the phone number put kids through to the CONAD Commander-in-Chief's operations "hotline".
Didi has also invested in Uber's rivals globally, including US-based Lyft, Brazil-based 99 and Singapore-headquartered Grab. The ride-hailing firm said that "there is no definitive timeline" on expansion to the region.
The National Transportation Safety Board and Federal Aviation Administration investigators will probe the crash. Shannon-Worthington was a teacher at Baltimore International Academy Elementary/Middle School in Baltimore.
In her role as first daughter, Trump has pushed for heavy focus on education in sciences, technology, engineering and mathematics. They said they received little information about Ivanka's visit, possibly due to security concerns.
Netflix, after all, produced and promoted the movie, which is in the vein of an uplifting, unapologetically cheery Hallmark film. Some are even comparing the tweet to bullying and saying the tweet shamed customers watching the feel-good movie.
It's no surprise that the Nintendo Switch has seen an extremely successful year since its debut on March 3. Now, that date has slipped into 2019 amid "technical issues", reports the Wall Street Journal .
Census Bureau on Wednesday announced that Idaho's population from July 2016 to July 2017 increased 2.2 percent to 1.7 million. The state now trails Pennsylvania in population by about 3,500 people, making IL the sixth-most-populous state in the U.S.
Trump denied the allegations during the campaign, and White House Spokeswoman Sarah Sanders denied them again Monday. Whether Trump's election settled the matter was "for the people to decide", Haley said.
Dave Chappelle admits to feeling sorry for the " poor white" population who voted for Trump in a new comedy routine. Netflix announced there will be two new Dave Chappelle specials available on their network on New Year's Eve.
THURSDAY: Temperatures will take another 5°-10° dip across eastern NM, although, most of us will still be left with 50s and 60s. We stay seasonable with morning lows in the upper 30s and afternoons in the lower 60s through the beginning of the weekend .
'Jerusalem embassy move a sovereign decision'
However, the foreign minister said she did not know how long it would take before Guatemala's embassy was in Jerusalem. Israel occupied the West Bank, including East Jerusalem, during the 1967 Arab-Israeli War.
Trudeau needs to repay taxpayers for Aga Khan trip: Tory MP
Going forward, Trudeau vowed to clear all family vacations with the ethics watchdog in advance in order to avoid conflicts. " I'm sorry I didn't , and in the future, I will be clearing all my family vacations with the commissioner's office".
Liverpool boss Jurgen Klopp buoyed by Arsenal setback
"After that we looked at certain things to try and change them and then it's all about the togetherness in the squad". And he could be set to play against his former side tomorrow (7.45pm) when Liverpool travel to the Emirates.
Rick Scott calls on Jack Latvala to resign from Florida Senate
The investigation began after a complaint filed by Rachel Perrin Rogers , a top aide to Senate Majority Leader Wilton Simpson. But, I have had enough. "Resigning is the best thing he can do now for his constituents, colleagues and the state", Gov.
Campbell gets the munchies, buys Snyder's-Lance for $4.87B
Deutsche Bank set a $50.00 price objective on shares of Snyder's-Lance and gave the stock a "buy" rating in a report on Friday. The firm has "Buy" rating given on Tuesday, October 3 by Jefferies. (NASDAQ:LNCE) rating on Friday, December 15.
ISIS Militants Storm Kabul Spy Agency Center
Security forces guard at the site of a clash between gunmen and security forces in Kabul , Afghanistan. Sarwari said the attack set off heavy clashes in which scores of Taliban attackers were driven away.
Gujarat elections 2017: 1 in 3 did not cast vote in Ahmedabad
While BJP is winning 19 seats in Kangra and 15 in Mandi, Congress is trailing behind with 5 and 9 seats in the respective areas. Leaders of both Congress and Bharatiya Janata Party ( BJP ) have asserted that their respective parties will win the elections.