The tender offer valued Uber at about 30% less than the $69 billion it was pegged at in June 2016, after the company sold a chunk of shares to Saudi Arabia's Public Investment Fund for $3.5 billion.
Uber's legal tangles include a lawsuit by Alphabet Inc.'s self-driving auto 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.
Japanese giant Softbank is set to take a large stake in Uber, expanding its holdings in transportation companies around the world. Also, SoftBank holds investments in multiple Uber competitors, so it will be interesting to see how this all shakes out.
The shake-up was supported by Uber's new chief executive Dara Khosrowshahi, who has said he hopes to list Uber's shares publicly in 2019.
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.
While SoftBank played hardball with Uber, it promised investors it would cover the price difference for them if the final sale price came in over $33 a share, according to a clause in the documents detailing the terms of the agreement. Nothing malicious has happened partly because Uber paid the hackers $100,000 to destroy the stolen information, CBS News confirmed last month. It will also buy $1 billion of shares directly from Uber at the older $70 billion valuation. The deadline for tender offers was 8pm (GMT). Earlier reports have indicated that Dragoneer Investment Group and existing Uber backer General Atlantic may be among the interested parties.
The President spent Christmas bragging about what he sees as his role in making it acceptable to say " Merry Christmas " again. In Grand Rapids, if you want to celebrate you can head over to West Michigan Jewels of Africa on Eastern Avenue.
The Colorado-based North American Aerospace Defense Command is ready to track Santa's yuletide journey for the 62nd time. The Colonel on duty updated all the children who called and started a tradition that continues Christmas Eve.
The U.S. decision means that the relations between the country and its neighbor, Canada are likely to be terribly strained. The company's statement is an echo of one made by Canada's ambassador to the United States, David MacNaughton.
In a separate Twitter post , Bissen said, "I want nothing more than to feel free of this burden I've carried with me since 2015". Sano, 24, set career highs last season with 28 homers and 77 RBIs while making his first All-Star team.
Construction of the Jerusalem Convention Center station of the future Jerusalem-Tel Aviv express train, December 20, 2015. The United States and Israel mustered seven other countries to their side to vote no to the UN resolution.
Noire, and Square Enix adding on extra for its Dragon Quest Heroes games as the latter ships on the bigger 32GB cartridge . WSJ says that those developers now "may wait" until the larger cartridges are available before releasing their games.
"Alex came in the middle of the season that's why I don't like these late transfers but that's how it is", Klopp said. And he rapped: "The biggest improvement for Oxlade-Chamberlain is being involved in goalscoring situations".
If you've ever been told video games will rot your brain, the World Health Organization may add credence to that theory. The new disorder, however, doesn't mean playing video games are bad for you or qualifies as a mental illness on its own.
The reason as to why or how the bus - used for public transport - came off the road is still being investigated by detectives. Monday was a working day in Russian Federation because Orthodox Christmas is celebrated on January 7, according to Reuters .
County to begin collecting Christmas trees January 15
Petersburg residents may also drop off their undecorated trees at one of the city's five brush sites for free. Residents of apartments and condos should check with property managers on proper disposal of Christmas trees.
Woman dies in pit bull attack
A dispatch official said the caller reported that his brother and sister-in-law were attacked by two of their neighbor's dogs. The Bell County Sheriff's Office says in a statement on Facebook that the attack occurred Sunday along state Route 66.
Teen charged with murdering girlfriend's parents
Scott Fricker yelled at the boyfriend to get out of the house and to never return, Kuhn said the detective told her. But on Friday at 5am, she and her husband went to their daughter's room after hearing a noise and found him inside.
This is what Modi gifted Anushka, Virat on their wedding
The reception was attended by several high profile invitees, including the prime minister of India, Narendra Modi . And much to my absolute delight, it would be a red Benarasi sari, from the by-lanes of Peeli Kothi in Benaras.
Steelers release LB James Harrison
James Harrison has terrorized the AFC North for the better part of the last decade at linebacker for the Pittsburgh Steelers . In his five games in 2017, Harrison recorded only three combined tackles with one sack.
Chinese Ride-Hailing Biz Didi Snags $4B From Investors
Didi also holds investments in Taxify, which operates in Europe and Africa, Brazil-based 99, as well as US-based Uber rival Lyft. The company, which has announced plans to expand internationally earlier this year, establishing an global arm in February.
Accenture (ACN) Given New $152.00 Price Target at Barclays
The company has a market cap of $100,148.63, a price-to-earnings ratio of 25.68, a P/E/G ratio of 2.24 and a beta of 1.08. Provident Trust holds 6.97% or 1.16M shares. 212,683 were accumulated by Guggenheim Capital Limited Liability Com.
Florida State vs. Southern Miss
He said only Wisconsin asked for verification of the numbers and that was done with a simple letter stating UNI was in compliance. 5 Florida , this team looks more than ready to make a run to the NCAA Tournament and is deserving of its top 25 ranking.
IL loses population, drops to 6th-largest state
But Connecticut attracted some 17,000 people from other countries, a little more than a third of the number for MA . As of July 1, an estimated 10,273,419 people lived in North Carolina, almost 117,000 more than the previous year.