Uber approves SoftBank's 10 billion investment offer

    Share on Google+        
Uber approves SoftBank's 10 billion investment offer
Click on the image
Under the agreement, a consortium of investors led by SoftBank will buy at least 14 percent of Uber. The investment would dilute the stake of Benchmark Capital, one of Uber's key investors until now and one that is locked in a bitter court battle with it over allegations of mistrust involving former CEO Travis Kalanick. However, once the SoftBank deal goes through, Benchmark is likely to drop the lawsuit or put it on hold. Uber's board has already approved a slew of governance reforms that will significantly reduce Kalanick's role at the company. ALSO READ: SoftBank keen to invest in either Uber or Lyft before entering America: Reports

About Us
posted-today.org shows the most important world news of the day, under the editorial criteria of their impact on Internet and social networks.
Contact
Do you have any suggestion? Contact us.

    Share on Google+        

We might need you!
Investors and business angels continue reading, please: posted-today.org is a very innovative project which has just started. We can steadily grow in visits and content and become leaders of the digital press in an ETA of 10 years. This curve of success could be considerably improved having more resources. If you stand out for your vision of the future, maybe you can help us, or the other way round.
Technology
This is not just buzzing words: posted-today.org is an example of what you get when applying state-of-the-art technologies, such as Big Data, Content Curation, Natural Language Processing (NLP), NoSQL, Cloud Computing, ...