Uber's shareholders have agreed to sell a 20pc stake to an investor group led by SoftBank, according to The Wall Street Journal, crossing the threshold needed for the deal to complete. They said that SoftBank is expected to acquire 15 percent, while the reminder will likely be made available to other prospective buyers.
The price is a roughly 30 per cent discount to Uber's most recent valuation of US$68 billion.
The Wall Street Journal reported that Fair will offer jobs to about 150 of the 500 or so employees at Xchange Leasing. The deadline for tender offers was 8pm (GMT). The overall transaction is expected to close in January. He continued: "We have tremendous confidence in Uber's leadership and employees and are excited to support Uber as it continues to reinvent how people and goods are transported around the world". The closing of the deal will also mark the end of the company's supervoting share structure, moving the company to a "one share, one vote" system that further weakens the influence of early executives and shareholders. The deal will trigger a number of changes in the way the board oversees the company, which is facing with federal criminal investigations, a high-stakes lawsuit and complaints about its workplace culture.
The SoftBank investment was key to reforming Uber's dysfunctional board and bringing a detente between warring factions: former Uber CEO Travis Kalanick and early Uber investor Benchmark.
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 auto, the Journal reported.
Japanese giant Softbank is set to take a large stake in Uber, expanding its holdings in transportation companies around the world.
Kalanick resigned as Uber CEO in June after months of crisis.
SoftBank first publicly expressed interest about investing in Uber over the summer, while the startup was still looking for Kalanick's replacement. On Thursday it said that existing investors had agreed to sell enough shares for SoftBank to go through with the transaction.
SoftBank has previously pumped billions into several ride-hailing companies overseas, including Didi in China, Grab in Southeast Asia and 99 in Brazil.
He insists there's only one fight for McGregor next, a defence of his lightweight belt. "There is no status", White told ESPN . However, White shot down any notion that the UFC should have stripped McGregor of the lightweight title by now.
Tuesday's verdict, which came as a surprise in what was meant to be a session devoted to defense arguments, can be appealed. Plummer met her partner Aziz, also known as Caboo, three years ago in Sharm El Sheikh where he was working as a lifeguard.
An estimated 3.5 million Puerto Ricans were left in the dark after Hurricane Maria made a direct hit on the island in September. Army Corps of Engineers said it could be as long as eight months before the whole island's electric grid is restored.
Officers, according to police, are communicating with the suspect, who is reportedly inside one of the apartments. Ross was not injured as he was taken into custody. "We're all human and we all suffer the same", Echeverria said.
Researchers observed a sample of pregnant women in California and saw a 3-percent increase in use form 2009 through 2016. Marijuana use among pregnant mothers in California rose from 4.2 percent to 7.1 percent from 2009-2016.
The transmitter converts electricity to radio frequencies, which are then beamed into devices that have a corresponding receiver. Energous may have missed its chance with the iPhone 8, which was initially rumored to support the technology.
Spurs welcome Southampton to White Hart Lane this afternoon and get a bumper day of Premier League action underway. This season has been something of a horror show for Virgil van Dijk and Southampton .
A complete shutdown was observed in Tral area on Tuesday, and Internet and railway services were suspended in South Kashmir. He was also involved in the grenade attack carried on State PWD Minister Naeem Akhtar's cavalcade in Tralon 21 September.
Workers were working to get the people off of the rides. "We sat there for about 25 minutes in the dark", he said. The park's public relations department told the station that visitors were escorted off some rides.
The week after Christmas has some brutally cold temperatures in store, with only three days of temperatures above single digits. The metro area could be looking at lows in the 20s or even the teens on New Year's Eve , according to forecasters.
After this CM Siddaramaiah has written a letter to the Goa chief minister again asking to settle the dispute at the earliest. The bandh is likely to have an impact in Gadag, Dharwad, Bagalkote, Hubballi, Bailahongala and neighbouring areas.
$284 Billion in Electric Bill - Woman Says WOW
A United States woman got the shock of her life after receiving an electricity bill of US$284.46 billion (NZ$404.53 billion ). Mary Horomanski of Erie, Pennsylvania, logged in to her online utility account to discover a balance of $284,460,000,000.