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Articles tagged “softbank”

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Uber’s New Investor Wants Them Out of Southeast Asia

Looks like Uber's global empire, and the strength of its plans to go public in 2019, are in real jeopardy because of SoftBank backing its rivals. Southeast Asia is the market to watch.

Uber’s New Investor Wants Them Out of Southeast Asia

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Uber’s Asia Expansion Strategy May Lead to Conflict With New Investor SoftBank

Despite the advice of new investor SoftBank, Uber's CEO seems intent on taking a shot a new markets, such as Japan. The odds may be stacked against Uber in such locales, but the ridesharing company is exploring partnerships as entry points.

Uber’s Asia Expansion Strategy May Lead to Conflict With New Investor SoftBank

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Uber’s Business Grew Last Year Despite a $4.5 Billion Loss

At some point, Uber is going to have to stop burning through billions of dollars to grow its business each quarter. The latest financials released to investors show the company is nowhere close to stemming its losses.

Uber’s Business Grew Last Year Despite a $4.5 Billion Loss

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Uber Plans Expansion in Japan Despite Withdrawal Talk

Uber's expansion into Japan might irritate SoftBank, but Uber needs to start making real money. That $1.5 billion loss in the third quarter of 2017 was a big one.

Uber Plans Expansion in Japan Despite Withdrawal Talk

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Uber Co-Founder Kalanick to Cash Out $1.4 Billion of His Stake

After an ugly series of negotiations with investors, Uber's Kalanick is looking to cash out about one-third of his stake in the company.

Uber Co-Founder Kalanick to Cash Out $1.4 Billion of His Stake

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Uber-SoftBank Deal Means Valuation Plummets to $48 Billion

The deal with SoftBank brings Uber's valuation down to earth although it could soar again pending a 2019 IPO. Meanwhile, the deal enables Uber CEO Dara Khosrowshahi to consolidate board control and it blocks the return of former boss Travis Kalanick.

Uber-SoftBank Deal Means Valuation Plummets to $48 Billion

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Uber CEO Juggles ‘Constructive’ London Meeting With Board Drama

Which is the easier "get?" Placing Uber back on London's streets or talking the Uber board of directors into an armistice? It's hard to tell but both will certainly come with plenty of high-stakes drama.

Uber CEO Juggles ‘Constructive’ London Meeting With Board Drama

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GrabTaxi Raises $250 Million to Fend off Uber in Southeast Asia

While $250 million isn't small potatoes, it's bit of a pea-shooter when considering Uber's multi-billion dollar bounty.

GrabTaxi Raises $250 Million to Fend off Uber in Southeast Asia