As part of the deal, expected to close early next year, Uber will offer potential drivers in the United States access to Fair to lease a vehicle, the Journal reported. The Japanese conglomerate set a threshold for its bid at 14 percent and while it's now able to purchase almost 50 percent more than it originally planned, it's reportedly limiting its offer to a 15 percent stake. SoftBank and the rest of consortium, which includes Dragoneer Investment Group, will own about 17.5%, including a secondary share purchase from earlier investors and employees, as well as $1.25bn of fresh funding. Uber lost $1.46 billion in the third quarter this year, up from $1.06 billion in the previous quarter. That's a roughly 30 percent discount over Uber's most recent valuation of close to $70 billion. While we have yet to learn which investors have cashed out for the price of about $33 a share, Thursday's result is the reward for years of drama at a company that nevertheless saw astronomical growth since its founding in 2009.
Getting the company ready to go public will be Khosrowshahi's ultimate goal over the next year, though it won't be easy.
As part of the deal, Uber plans to add six directors, two of whom come from SoftBank, and expand voting rights for all investors.
"The stockholders did the smart thing". However, under the deal, Uber will take a stake in Fair and the startup will become an exclusive partner with Uber, offering drivers the ability to lease cars.
Some initial investors in the consortium, including General Atlantic, dropped out over disagreement about the price offered to shareholders, Reuters previously reported.
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.
The investment comes after a year of troubles for Uber, including a lawsuit by Alphabet Inc's self-driving auto unit Waymo, that alleges trade secrets theft, and federal investigations that include possible bribery of foreign officials in Asian countries and the use of software to evade regulators.
Erica's heart attack, which led to the coma, was brought on by an asthma attack, according to NBC New York . "RIP @es_snipes. Erica Garner, the daughter of police brutality victim Eric Garner , has been declared brain dead , The Daily News reports .
Watch ABC17 News for the newest forecast and timing of snow chances through the week and check back here for updates. Temperatures will start in the teens early Tuesday as wind chills drop into the low single digits.
As of now, there is no information about the launch of Galaxy A5 (2018) and Galaxy A7 (2018) smartphones. The 2018 Galaxy A8 and Galaxy A8 Plus are two of the most fascinating phones from Samsung in a while.
Just last week she shared a photo on Twitter of a bouquet of flowers she had been sent in the wake of her stepfather's death. She also helped launch a segment titled Wednesday's Child, which helped find Atlanta children find permanent homes.
Local municipalities and businesses are also encouraged to call the IDNR office to donate collected or unsold trees. The trees will be used for a variety of things such as mulch and to build habitats for fish in city lakes.
Pittsburgh was never seriously challenged by the 4-11 Texans in a game they led 10-0 after eight minutes and 20-0 at halftime. That rematch, however, would take place at Gillette Stadium , where the Patriots have won nine straight playoff games.
Friday's resolution requires United Nations member states to repatriate North Korean overseas workers within 24 months. The men are said to be key leaders of the country's missile program, which has already led to many sanctions.
He said: "We were definitely much more like ourselves, we were working the goalkeeper and the fight was strong in the team". I also believe subsequently there was contact between Wilsons arm and the ball before it went into the net.
Yaaa can't be that slow'. "You gotta give a whole hour", while standing in front of the rapper, according to TMZ . DailyMail.com have contacted Cardi B's representatives for comment and have yet to hear back.
One officer injured in the shootout was rushed to the hospital and in stable condition, officials told the station. Police tried to talk to Anthony Ross, 45, who barricaded himself inside the unit where he used to live, Sgt.
Crystal Palace vs Arsenal Preview
Sanchez was particularly impressive on a memorable personal night for his manager, who equalled Sir Alex Ferguson's record of taking charge of 810 Premier League games.
Coalition, insurgent forces repel ISIS assault
Despite the coalition's successes in Syria and Iraq this year, there were no plans as yet to begin troop withdrawals, Gedney said. According to Gerasimov, the main forces of the ISIS fled to Libya and southwestern Asia after being defeated in Syria .
Democrat in Virginia House race asks to delay breaking tie
The ballot shows the voter filled in the bubble for both Yancey and Simonds, but there was a line through the bubble for Simonds. James Alcorn, chair of the Virginia State Board of Elections Chair, told CNN the board is looking into the situation.
Mumbai commuters get AC local trains
Initially the AC local will run on an experimental basis for a week in the Churchgate-Borivali section. The discounted price is 1.2 times of the first class in normal local trains running in Mumbai now .
Odisha celebrates Christmas with gaiety and fervour
The devotees in all the churches lauded the communal brotherhood of Kashmir and prayed for peace and prosperity in Kashmir. In Gulmarg's Saint Mary's church, Santa Claus distributed chocolates and candies among the children.