Close
Close

Published

Wheels might be falling off Uber-SoftBank deal, regulators get tough

SoftBank and Uber’s major shareholders are reportedly in deadlock over the terms of the Japanese conglomerates investment – a deal that seems crucial to Uber’s recovery. SoftBank wants to prevent other major shareholder from discussing the price of the stock between themselves – some are calling this a gag order that could allow SoftBank to drive down the share price. This has led to resistance from those current shareholders to agree to the apparent $10bn deal. Uber is still a private company, whose major investors include Alphabet, Microsoft and private equity giant BlackRock. The SoftBank-led consortium must buy at least 14% of Uber’s shares from for the deal to proceed, so, if not enough shareholders accept the tender offer at…

Close