By Eric Newcomer
The deal will bring new cash to Uber, prevent arch U.S. rival Lyft Inc. from dealing with SoftBank, appease some early, antsy backers and pacify a previously warring management team and board, while solidifying the leadership of CEO Dara Khosrowshahi.
Japan’s SoftBank Group Corp. holds the strings to both deals.
With the city’s taxi population at an eight-year low, ComfortDelGro will simply have to go on reinventing itself as a fleet owner and manager for Uber.
The Saudi prince has been the largest investor in the SoftBank Vision Fund. A stronger Prince Mohammed could mean steady flows of Saudi money into the fund, which allows SoftBank to make investments without adding to its heavy debt load and offering the potential for those investments to generate revenues to pay down the burden.
The survey covered 26 funds with an estimated $2.18 trillion in assets under management.
Ofo Bicycles Co. may have raised around $1 billion in its latest funding round, which included Alibaba.
A positive-looking macroeconomic environment and the promise of an online retail market have attracted a new set of investors.
The success of this divestment appears to be unpredictable because the price is 73 per cent higher than that suggested by advisors for the deal – besides, it has has raised questions as to who would buy such a huge amount of shares.
Blume Ventures’ Sanjay Nath and Rohan Paranjpey share insights from their trip to the US as part of their association with the Draper Venture Network.
“Lack of liquidity is what’s creating that volatility that has everybody concerned about bitcoin,” Currie said.