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.
More than anything, however, SoftBank's presence on the board of Uber should help bring an end to the in-fighting that has plagued the company all year. A second member of SoftBank is expected to join the board as part of the terms of the deal. It marks the first significant piece of business for new CEO Dara Khosrowshahi, who is now preparing the embattled ride-hailing company to go public by 2019.
But the discount is a humbling coda on a rough year for Uber, which has been rocked by a series of scandals, from claims of sexual harassment to revelations of a program meant to deceive law enforcement.
Vote counting underway in Liberia elections
He will succeed Ellen Johnson Sirleaf, Africa's first elected female president, in Liberia's first democratic handover in decades. The commission also clarified that it did not schedule a press conference for Wednesday as reported in the media.
The group will buy most of the shares from early investors in a deal that values Uber at about $48bn (£35.7bn).
But for Uber's existing investors and the ego of founder Travis Kalanick, the deal has some very bad news. Its Softbank Vision Fund is a almost $100 billion investment fund snapping up stakes in emerging technology companies around the world, with roughly half the money targeted for investments in the U.S. That's a roughly 30 percent discount over Uber's most recent valuation of close to $70 billion.
Uber now has a powerful strategic partner in SoftBank, the Japanese telecom giant that is investing hundreds of billions of dollars in technology.
Alicia Vikander, Carol Burnett and More To Present at 1/7 Golden Globes
Gal Gadot and Halle Berry are among the stars who have been tapped to present at the Golden Globes 2018 awards show on January 7. DeMille Award, which recognizes an outstanding contribution to entertainment.
Rajeev Misra, chief executive of SoftBank's Vision Fund, a tech investment vehicle, will be nominated to the Uber board, the Journal reported.
SoftBank will likely limit the stake it acquires to 15% in the tender offer, which values Uber at $48 billion, the [people familiar with the matter] said.
These new Mavericks uniforms were inspired by
The Blazers will debut their "City" uniforms on the court on January 31 against the Chicago Bulls at the Moda Center. On the shorts, the state of OH sits in the center of the waistband and the OH flag is underneath a bottom flap.