If investors are reluctant to sell and SoftBank cannot hit its threshold of 14-per-cent ownership of Uber, SoftBank can walk away from the deal. The SoftBank investment also sets up Uber to go public by 2019, another provision that was contingent on the deal. Since that meeting, SoftBank, Uber and Uber’s early investors have haggled over deal terms. SoftBank plans to purchase the Uber shares along with other investors, including Dragoneer, an investment firm. But the SoftBank investment will let some of the company’s investors sell their shares to lock in huge gains.

Source: thestar November 13, 2017 03:33 UTC