Categories
Local On-Demand

Here’s what you need to know about SoftBank’s tender offer for Uber coming tomorrow — Recode

Tomorrow is the day existing Uber investors find out whether the drama has been worthwhile: Tuesday is when a multi-billion dollar “tender offer” from Japanese investment giant SoftBank is expected to begin, according to sources tracking the process, giving Uber shareholders the chance to sell some of their stock or hold fast until the company […]

Tomorrow is the day existing Uber investors find out whether the drama has been worthwhile:

Tuesday is when a multi-billion dollar “tender offer” from Japanese investment giant SoftBank is expected to begin, according to sources tracking the process, giving Uber shareholders the chance to sell some of their stock or hold fast until the company goes public. The decision effectively asks every Uber insider to gauge their confidence in the company they built.

Curious to see whether Travis Kalanick sells any shares. Stay tuned.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.