"We're proud to have SoftBank, Dragoneer and the entire consortium in the Uber family".
SoftBank invested an additional $1.25 billion at a valuation of about $70 billion, according to reporting from Bloomberg Technology. It signals a turning point for the expansive if somewhat beleaguered company as its new CEO, Dara Khosrowshahi, moves the organization away from its rough-and-tumble and legally dubious past.
A new $8 billion investment by a consortium led by SoftBank, the Japanese tech giant, has seen the group acquire 17.5% stake in Uber.
Uber could soon be pulling out of some global markets, including 15 African cities, if its new majority shareholder has its way. "This is a great outcome for our shareholders, employees and customers", said Uber in a statement.
Those reforms include removing Kalanick's super-voting rights on the board, increasing the company's board size to 17, and adding new independent directors to the board. As for executives, Softbank intents to name one of its executives, Rajeev Misra, and Sprint CEO Marcelo Claure to the board, said a source familiar with the matter.
With the SoftBank deal closed, a host of governance changes will go into effect at Uber, including Benchmark's agreeing to drop a lawsuit against Kalanick over his control of two board seats.
But Kalanick still gets a lot of benefits from this deal.
The transaction with Uber is definitely a new forward for the ride hailing service after having a shaky year. Such a change could help Uber achieve profitability more quickly, but could also signal a retreat from some of the biggest transportation markets.
SoftBank is an investor in Didi Chuxing, the majority owner of Uber's China operations, and has backed Grab, a ride-hailing company in Southeast Asia, as well as India's Ola.
SoftBank had no trouble drumming up interest among shareholders, as many investors and employees were unable to sell as many shares as they would have liked because SoftBank had put limits on how much it would buy. He had offered to sell half of his shares.
The official Cranberries website cited "medical reasons associated with a back problem" that prevented O'Riordan from performing. Olé Koretsky , the boyfriend of Cranberries singer Dolores O'Riordan, has spoken about her death for the first time.
During his time in Major League Baseball , he won the Cy Young Award twice and pitched a no-hitter in the 2010 playoffs. The spokesperson said the plane was found upside down in four feet of water and called it a " high-energy impact ".
Fournette escaped injury when a auto rear-ended ended his vehicle, pushing his Mercedes-Maybach 6 into the auto in front of him. According to reports the person who hit him was a Steelers fan who was going to the airport to drop the in-laws off.
As per boxofficeindia.com, the number of cinema-goers in India has gone down to 22.5 crore in 2017 from 34 crore in 2013. Salman Khan starrer Tiger Zinda Hai brought cheer to the box-office as a subdued 2017 comes to a close.
Blake Bortles is feeling the love from Bengals fans after he helped the Jaguars beat the Steelers this past weekend. Bengals fans took notice of the performance against their rival and chose to thank the third-year quarterback.
Bracamontes has repeatedly proclaimed his guilt and has requested the death penalty at past court hearings, ABC News reported . White previously ruled that Bracamontes was mentally competent, but Barbour asked for the judge to reconsider his decision.
But the challenge is to start everything from scratch - fresh auction, who will we get, whether we will get the core team or not. The fact that we sold off all endorsement deals even before the retentions were announced underlines CSK's brand value.
However, the Apple CEO advised users not to do so, warning that it could result in unexpected restarts of their smartphones. As soon as we get some details on the exact release date of the iOS 11.2.5 software update, we will let you guys know.
He also favors a suggestion that mayors on the short list "form a pact to say no to incentives Amazon will expect". It is also home to a Whole Foods, a grocery store chair Amazon purchased previous year .
Ted Kennedy of MA and Republican Sen. "The US$20 billion dollar Wall is "peanuts" compared to what Mexico makes from the U.S. Of the 26 seats now held by senatorswho caucus with Democrats up for election this year, 10 are in states Trump won in 2016.
The levies will place additional financial constraints on households and small businesses within the Cape metropolitan area. One of the measures, which the council will vote on Friday, is a punitive tariff for the city's thirstiest consumers.
Palestinian witnesses said they saw at least two Palestinians arrested, with clashes continuing into Thursday morning. The Israeli army said in a statement on Twitter that Jarrar had used a "self-manufactured weapon".
The Cleveland Cavaliers earned a hard-fought 104-103 win over the Orlando Magic on Thursday, ending a four-game losing streak. And the former MVP looked sharp in limited action - notching nine points and three boards in just over 13 minutes of work.
While Karadima's victims were deemed credible by the Vatican, Francis apparently felt the need to change course on Thursday. They staged an unprecedented protest during his 2015 installation ceremony and have protested his presence ever since.
Putin was photographed with his shirt off while on a spearfishing vacation in the southern mountain lake in Siberia. In August 2009, a bare-chested Putin was pictures riding a horse during a Siberian holiday.
His enthusiasm for a second crossing was not shared by a Downing Street spokesman who said: "I haven't seen any plans on that". Currently, the only way the countries are connected are by the Channel Tunnel railway line which runs under the sea.
Mattis went on to say the goal of this strategy is to send a message to anyone that wants to take on the U.S. Defense Secretary James Mattis speaks about the National Defense Review, Friday, in Washington .
Trump used that word or a substantially similar word. "Others in the room were also using tough language". Under persistent questioning, Nielsen said she didn't recall the specific language used by Trump.
The former lottery pick is averaging career highs in points (13.7 per game), assists (6.4), rebounds (4.6) and steals (2.1). Jerian Grant and Denzel Valentine should earn more minutes if he misses any games.
By contrast, as THR points out, "the new Star Wars films lean especially heavily on references and nostalgia for the originals". He's not exactly the Luke you know, with the years in isolation taken away any youthful exuberance, but my god he's still Luke.
However, when it comes to Trump, "he just gets up and starts a new day, and that helps him with his stress level. His blood pressure was 122/74, within normal bounds, and his cholesterol was on the high side, Jackson said.