Uber Locks On Multibillion Dollar Deal With Japanese SoftBank
[dropcap]J[/dropcap]apanese multinational telecommunications and Internet corporation SoftBank Group has reached a multibillion-dollar deal with San Francisco based Uber Inc, it confirmed in a statement.
Although the details of the deal have not been yet disclosed, but as per the reports, the deal could be worth up to $10 billion of Uber's stocks. It is also estimated that this deal would be a resolver of legal battles between Uber's former CEO Travis Kalanick and prominent shareholders.
Venture capital firm Benchmark, an early investor with a board seat in the ride-services company, and Kalanick have reached an agreement over terms of the SoftBank investment.
“We’ve entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment,” an Uber spokesm...