SoftBank has access to all kinds of technology that could be relevant to Uber's self-driving vehicle plans via its other investments, and with its help, Uber will be better positioned to expand into Asia. That would value the app-based taxi company at $48 billion, or about 30% less than the $69 billion valuation it had after its last funding round.
A former employee's charges of endemic sexual harassment led to an internal review, London has said it is stripping Uber of its license and recently Uber announced it had covered up a major hack.
The deal is expected to close at the beginning of 2018.
But for Uber's existing investors and the ego of founder Travis Kalanick, the deal has some very bad news. 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. Early investors like Benchmark Capital and Menlo are understood to be the ones that are selling the largest amount of Uber shares as part of SoftBank's offer and will see a return of approximately 3,600 times their investment. SoftBank will occupy two seats on the company's board and will now be an extremely influential player in decisions at Uber.
Uber's legal tangles include a lawsuit by Alphabet Inc.'s self-driving vehicle unit Waymo that alleges trade-secrets theft and federal investigations that span possible bribery of foreign officials in Asian countries and the use of software to evade regulators.
If you weren't watching Tuesday evening, you missed the first of two eggs hatching live on the Southwest Florida Eagle Cam . Pipping is when the eaglet pokes a hole in the membrane separating it from the air bubble in the egg shell.
As of noon, Rubalcava said, a majority of the rides were back up, however, a handful of attractions in Fantasyland are still down. Many people are not pleased at "the happiest place on Earth" as Disneyland is dealing with a power outage.
The rapstress added that she was "just going to make things positive out of a bad situation" following the drama. Her escapade comes days after an alleged nude tape made waves - which didn't seem to bother her.
The entertainment giant reported $1.07 EPS for the quarter, missing the Zacks' consensus estimate of $1.12 by ($0.05). The rating was upgraded by Hilliard Lyons to "Buy" on Tuesday, August 25. (NYSE:ENZ) to report earnings on March, 12.
A United States decision to provide Ukraine with weapons has seen Russian Federation warn the U.S. is encouraging "new bloodshed". More than 10,000 people have been killed and 1.5 million displaced in Ukraine since fighting began four years ago.
The Turkish embassy in Washington said on Thursday it had lifted restrictions on visa services for USA citizens. We are also concerned about the cases against USA citizens who have been arrested under the state of emergency.
Besides that, the other two guys, DRC (Dominique Rodgers-Cromartie) and Jackrabbit (Janoris Jenkins ), I love those two guys. The bad news for Apple is that Collins is likely a lock in any of the team's future plans.
Officers were called to a home in the 3900 block of N. 37th Street shortly before 8 p.m.to investigate a shooting Tuesday. He made a deal with prosecutors and was imprisoned in late 1999 after pleading guilty to manslaughter and other crimes.
Hustle coach Glynn Cyprien and assistant coach Darnell Lazare took to Twitter to express their frustration with the incident. An airline manager later apologized to the players and rebooked them on a first class flight from Dallas to Sioux Falls.
They visited the family's home in Ryde, north-west of Sydney but after finding no-one there tracked down extended family members. The 50-year-old male driver, who has not been identified as of writing, was also killed upon impact.
The chestnut design was made by renowned milliner Philip Treacy, who produces numerous royal's elaborate hats. At the end of the day, Prince Harry and Markle will have the final say regarding who they want to invite.
Unless you've been living under a rock the size of Calabasas, you know that the Kardashian-Jenner-Wests know how to do Christmas . Kim shared her big gift on her Instagram story earlier this week, showing off Kanye's unique way of presenting his gifts to her.
Belgium forward, Christian Benteke returns for the game against Arsenal after he was suspended for the game with Swansea. However, Mamadou Sakho is ruled out with a calf strain and Joel Ward is also a doubt with a groin problem.
Although Curtis' role in George Lucas' sci-fi classic was brief, his scene remains one of Star Wars' most memorable. The conversation was then cut off when Obi-Wan Kenobi (Alex Guinness) came flying in with a lightsaber.
The Bulls will wear their new "City" edition uniforms for the first time on January 26 when they host the Los Angeles Lakers. Nike provided a photo album of the new uniforms with Indiana Pacers star Victor Oladipo posing in numerous pictures.
Second-round pick DeShone Kizer has been miserable this season, and it is certain he is not the answer moving forward. If he does declare, some Browns fans thought he was a sure thing with the No. 1 overall pick.
So far 43% of you say you're going downhill, but the remaining 57% say you're doing just fine. "We should be alarmed every year". We're finally starting to see those cold Wabash Valley temps and with it, comes the prime breeding grounds for the flu virus.
Some soon-to-be-moms are turning to marijuana to quell the uncomfortable side effects of pregnancy such as morning sickness. Researchers observed a sample of pregnant women in California and saw a 3-percent increase in use form 2009 through 2016.
As you shiver in your auto before the heat kicks in, you might think this is the coldest it's ever been, but you would be wrong. Mostly sunny skies should return New Year's Day , but the NWS anticipates a high of 40 degrees on Monday, Jan. 1.
Some publishers may even postpone the launch of their games on the Switch in order to have access to the larger cartridges. According to this report , Nintendo has delayed the delivery of the 64GB game cards to 2019 due to technical issues.
It was broadly known within the Federal Bureau of Investigation that McCabe was eligible to retire this coming spring. As part of her campaign, she accepted almost $500,000 in contributions from the political organization of Gov.