Uber Technologies Inc's board members have come to an agreement which will allow a multibillion-dollar investment by Japan-based SoftBank Group Corp to proceed.
Benchmark and former CEO Travis Kalanick are two of the largest shareholders, and it's uncertain whether either party wants to sell any of their stake.
The ride-hailing startup said Sunday that it has reached an agreement for what could be a massive investment from SoftBank, the Japanese conglomerate, after months of speculation about a possible deal. The deal also includes Uber governance changes. Should current Uber investors decide that Softbank's buyout offer isn't tempting enough for them to sell up, it would seem that Kalanick will be back on the hook.
"We are interested in Uber but the final deal will depend on the tender price and a minimum percentage shareholding for SoftBank".
Under the terms of the deal, it is understood that Softbank will lead a $1 billion funding round with participation of Dragoneer Investment Group, a San Francisco-based investor.
"We believe this agreement is a strong vote of confidence in Uber's long-term potential", it said.
EU Ministers Sign Landmark Defense Agreement
Mrs Mogherini said the move would not only complement Nato's security aims but fill in gaps in the Atlantic alliance. With the notification signed, a final decision to launch the defence cooperation framework is expected in December.
According to Fortune, Kalanick, who still controls three board seats, including his own.
The stakes are high. Son has spearheaded the new round of investment in Uber.
Softbank is a major Japanese conglomerate which has made a habit of investing in tech firms in Silicon Valley, with the likes of Slack and WeWork already on the receiving end of major investments from the company, which also bought United Kingdom chipmaker ARM Holdings. The case had been set to go to arbitration. "Upon closing, it will help fuel our investments in technology and our continued expansion at home and overseas, while strengthening our corporate governance". It also reduced Kalanick's and Benchmark's influence on the board by removing special voting powers in two categories of stock held disproportionately by Kalanick.
Kalanick resigned from his position as CEO following months of scandals and shareholder pressure, as well as the death of his mother in a boating accident.
"There's negotiations going on", he said. "Because all the parties, in the end, they know this is a good direction".
The signal-caller was kept his team in the game, and finished without an interception and almost 300 yards passing. TAKING ADVANTAGE: Hundley made the most of his chances after the Packers kept things simple the previous two games.
The South China Sea dispute will be one of the major issues at the East Asia Summit in The Philippines this week. Duterte also thanked Bolkiah for hosting a number of Filipinos in Brunei and treating them as their own.
And in the eye-catching Snapchat video, it was pretty clear there was a new (and very large) addition to Kylie's ring finger . Kylie , what are you trying to tell us?! The star was wearing a large diamond ring which she quickly flashed on camera.
In 21 countries comprising a fifth of global carbon pollution, CO2 emissions are clearly on the decline despite economic growth. This led to a flood of optimism that at long last, greenhouse gas emissions were peaking and would finally start declining.
And what I saw from him, and him coming out, and watching the draft, and thought he'd be a great fit here with Porzingis. He went down to play with Westchester of the G-League Friday but was back with the team Saturday, although not active.
There were reports of Tahir Khan, who escaped from the spot, being treated at a private hospital in neighbouring Haryana state. The day the dead body was found, police had also found an abandoned pick-up jeep with bovine, one which was dead.
Azar, 50, served as deputy secretary in the Department of Health and Human Services from 2005 to 2007, under George W. Bush White House on the domestic policy council and at HHS is a a former president of drug giant Eli Lilly.
The cross-border attack on the check-post in September came days after Operation Khyber IV concluded successfully. Pakistan military has also confirmed the attack on security check post in Bajaur Agency.
The Dream Chaser is being developed to carry cargo to and from the International Space Station without a crew aboard. The Dream Chaser is a fairly unique vehicle compared to the other two companies' spacecraft.
Because the athletes were instructed to keep a strict diet while they were training, former gymnast Jeanette Antolin says Dr. McKayla Maroney said in October that Nassar began sexually abusing her when she was 13 years old.
According to statistics from the Centers for Disease Control and Prevention, it is the sixth-leading cause of death overall. If you or someone you know are exhibiting early signs of Alzheimer's disease, speak to a physician about your condition.
Call of Duty: WWII is getting some much needed updates
As a result, the developers migrated online play to peer-to-peer (P2P) servers in an effort to provide a more stable experience. Until the Call of Duty: WWII servers are back online fully, you will be alone in Headquarters unless you invite friends.
No WC for me: Benzema
The most hard thing in Madrid is the pressure but with age, I have learned to stay calm". "I have no problems with any player in the France team".
Braves to name Alex Anthopoulos as next general manager
Anthopoulos, the former Toronto general manager, spent the last two seasons as the Dodgers' vice-president of baseball operations. But as that hope evaporated this weekend, the focus turned toward Anthopoulos and Hendry.
Lyft Rolls Into Toronto in First Move Outside the US
On Thursday, he described progress in talks with regulators in London, who in September refused to renew Uber's operating license. Lyft's chief rival, Uber, is already available throughout the US, Canada, and in several more countries internationally.
Sadio Mane suffers recurrence of hamstring injury
Liverpool have been dealt a huge injury with the news that Sadio Mane has once again suffered an injury on global duty. And the Anfield faithful are furious their star man has suffered a recurrence of the problem.
Colin Kaepernick Named "Citizen of the Year" by GQ Magazine
The cover of the magazine released on Monday shows the former 49ers quarterback with a big Afro and a black leather jacket. Be sure to check out the December issue to see more of what Kapernick has to say and where he's headed with his message.
Video Shows Floor Collapse During Party at Texas Apt
Abiola Busari, a junior at University of North Texas, hosted the homecoming party and lives in the unit that collapsed. If we were in our living room, we wouldn't have made it out because by what we've seen, it's just completely gone".